Principal Real Estate Europe has sold Building B in the Arcueil suburb of Paris to TIGRE, the French real estate manager. The purchase price has not been disclosed. Located at 21-35 rue de Stalingrad, the 6,200m² office building is partially let and includes 79 on-site car parking spaces.
Guillaume Masset, Head of Transactions and Asset Management at Principal Real Estate in Europe, commented: “The sale of this office property highlights the interest from domestic and overseas investors in good quality offices located close to good transport infrastructure in the suburbs of Paris.“
C&C advised Principal Real Estate Europe and STROCK the purchaser, while Alex Bolton and Savills were jointly mandated to advise on the overall transaction.
