Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments) have acquired Espace Lumiere in Boulogne Billancourt from a fund managed by Invesco Real Estate. This iconic 28,000 m² building located in Paris is the work of Christian de Portzamparc, leading French architect and urban planner. Since its opening in 2000, it has been occupied by Canal +. The purchase price was not disclosed.
Philippe Joland, Senior Managing Director and President of Tishman Speyer France, said: "We are delighted with this acquisition in such a special context. With the planned departure of Canal + in 2022, we will be keen to reposition this magnificent building at the entrance to the city of Paris."Our ambition is to make this a genuine positive destination property for its future occupiers by 2024."
