Real I.S. sells French office building to AEW Europe (FR/UK)

Real IS has sold the Victoria Michelet office building in Levallois-Perret in Paris for €55 million on behalf of the institutional fund BGV II. The freehold office building comprises 9,292 m² and is currently multi-let to five tenants.

The purchaser is AEW Europe SGP on behalf of NAMI Investment, a subsidiary of Natixis Insurance.

Knight Frank's European investment team represented Real IS.

BGV II is the second of a series of BGV institutional funds managed by Real IS. The fund started in 2004 and raised €300 million of equity. The internationally diversified fund has a volume of currently ca. €473 million.

Source: Knight Frank

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