BNP Paribas REIM announces the acquisition of the Unibail Rodamco building So Ouest Plaza, located in Levallois-Perret on behalf of a French regulated Fund, the OPPCI Vestas French Real Estate, which investor is the Korean institutional investor Vestas Investment Management. This follows a sale agreement signed in February 2017 between the two parties.
Barbara Knoflach, Global Head of Investment Management for BNP Paribas Real Estate says: "This acquisition testifies of our strong internal network to create value for international clients. It illustrates our great ambition to accompany and advise international clients on large deals, in an even more complex real estate market".
So Ouest Plaza is a fully restructured property of more than 40,000 m², including 36,500 m² of office space and an 8-room cinema theatre. The building is fully let to L'Oreal and Pathe with long-term lease contracts.
Vestas Investment Management and BNP Paribas REIM were advised by BNP Paribas Real Estate Transaction France. Furthermore, the buyer was advised by Wargny Katz and Clifford Chance, and the seller by GINISTY & Associe?s. The banks DekaBank, La Banque Postale and Berlin Hyp financed the operation on behalf of the buyer.
