Sophia has acquired a block of Paris office buildings from CrÃÂ©dit Lyonnais in the financial district of the capital for nearly MÃ¢âÂ¬ 175.
At the end of December 2002, Sophia agreed to acquire a block of three office buildings representing more than 35,000 mÃÂ² located in Paris 2nd arrondissement, bounded by rue Richelieu, rue MÃÂ©nars, rue GrÃÂ©try and rue Gramont. A firm nine year lease was granded to the CrÃÂ©dit Lyonnais.
RÃÂ©my Gancel, SophiaÃ¢â¬â¢s Chairman and Chief Executive, stated: ÃÂ« This substantial transaction illustrates SophiaÃ¢â¬â¢s capacity to deal with the ever increasing number of companies wanting to hive off their property holdings, by proposing solutions suited to their requirements.
Sophia also demonstrates its know how, whick makes it one of the most dynamic property companies in the field. Sophia sets itself apart by the select locations it chooses, by its tenants and by a position focusing on buildings suited to the needs of efficiency of its clients. ÃÂ»
(source: Sophia SA)