Sequana Tower signs Accorhotels to 12-year lease (FR)
Hines, the international real estate firm, announces a long-term lease at Sequana Tower in Issy-les-Moulineaux near Paris. AccorHotels, Europe's largest hotel operator, has signed a 12-year lease, beginning in January 2016, for the entire 43,000 m² tower. Sequana Tower
is a Class A office building located in one of the main office submarkets southwest of Paris. The deal has enabled Hines France, Asset Manager for Sequana Tower, to provide an optimum response to the objectives of its investors by securing a long-term rental income. Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $84.9 bln (€78.3 bln) of assets under management, including $42.7 bln (€39.4 bln) for which Hines provides fiduciary investment management services, and $42.2 bln (€38.9 bln) for which Hines provides third-party property-level services. In 2014, Hines completed over $8 bln (€7.4 bln) in transactions on behalf of its investment management clients. The firm has 104 developments currently underway around the world.