An estate acquisition in Paris for the Luxembourg fund Parisian Property Partners (PPP) (LU)

Parisian Property Partners (PPP), a commercial property fund based in Luxembourg with Irish investors, has acquired a new property in France. The property is located in Paris – 190 boulevard de Charonne and was previously owned by the Franco-American investment fund EPP TIGRE.

The property's primary use is as offices and ancillary activities and it extends to 1,685m². The purchase price is €5,150,000. The transaction was completed by KING STURGE GROUP under an exclusive search mandate.

Parisian Property Partners (PPP) was advised by the law firm Richards Butler (Edouard Vitry and Joanna Klat) and by Le Breton & Associés, notaries (Jean-François Le Falher). EPP TIGRE was advised by Me Strock notary.

Source: Richards Butler

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