The CNCE acquires building Avant-Seine for € 334m. (FR)

La Caisse Nationale des Caissses d’Epargne (CNCE) is going to acquire the building Avant-Seine (45,000 m²) for € 334m. from the German investment fund Hasu-Invest Europa, a fund set up by Commerz Grundbesitz Investmentgesellschaft mbH (CGI).

The building, which was delivered in 2003, took an investment of less than € 300m. to be built. CB Richard Ellis Boudais made the transaction, CGI was advised by FPD Savills.

The building Avant-Seine is situated on the avenue Pierre Mendès-France (Paris 13th quarter) on the site of Paris-Rive Gauche and will become the new headquarters of the Groupe Caisse d’Epargne. Capital & Continental and Shaftesbury International Holdings developed the building (2c2i asset manager).

Source: Immo-Hebdo

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