Savills advises Redevco in sale of Paris office (FR)

Redevco has sold a 2,600-m² office asset at 51 Rue d'Anjou, in the 8th arrondissement of Paris, for €17.2m advised by international real estate advisor Savills, CBRE and BNP Real Estate.


51 Rue d'Anjou.

The property, which is currently vacant and located in the city's central business district, has been purchased by French investor Terreis who plan to renovate the building.

51 Rue d'Anjou is a corner building spread across three lower ground and seven upper ground floors and faces onto Louis XVI Square.

Boris Cappelle, Director in the investment team at Savills' Paris office, says: "The Rue d'Anjou property sits in a prime area of Paris surrounded by luxury hotels and shops including the Galeries Lafayette.

"This sale reflects the current high demand for prime stock in Paris where domestic investors are still the main players."

Source: Savills

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