MEAG has announced that it has purchased the office property Mineralis in Montrouge near Paris from a fund of The Carlyle Group. The building was completed in 2006. Mineralis has a total surface of about 15.000 m² and offers 300 underground parking spaces.
The Mineralis office building is located in a central spot of Montrouge, which is a well-established office location with direct connection to the southern periphery of Paris.
The property was purchased for the real estate fund MEAG EURO PRO. This institutional fund invests in office buildings located in major European cities. The yield of the MEAG EURO PRO was 8.7% in the fiscal year 2006.
In the process of transaction MEAG was advised by Catella Property.