International real estate advisor Savills has advised Cambridge Place Investment on the sale of a 20,711-m² mixed-use property to a private French investor. Paryseine, which consists of two buildings, sits on the riverfront at 3-5 Allée de la Seine, in Ivry-sur-Seine in south east Paris.
Boris Cappelle of Savills France says: "Ivry-sur-Seine has seen a lot of growth over the past few years as the ZAC Paris rive gauche business district has extended along the river front. Healthcare companies in particular favor the area. The sale of Paryseine is a sign of investor confidence in the market and the district's continued growth."
Constructa Asset Management and Beaumont acted for the buyer.