Primonial REIM has announced that it has acquired an office building located on the boulevard Victor Hugo in Saint Ouen, greater Paris. The building has been acquired for a total of €71.5 million from AXA real Estate.
The office scheme, completed in 2009 consists of 11,070 m² of office space and 532 m² of retail space.
The Building is fully leased to a single tenant for the next nine years and the retail space is currently occupied by a day-care center.
Source: Primonial REIM