Unibail-Rodamco has entered into an agreement to sell the So Ouest office building in Levallois-Perret, Paris for a net disposal price over €330m, with the transaction expected to close early in Q3-2016.
So Ouest is a fully refurbished 33,300m² office building, fully let since 2014 to SAP France and Pharmaceutical Research Associates with long-term leases. This asset benefits from an excellent location in the Eiffel district in Levallois-Perret right above the So Ouest shopping centre. It provides very efficient floor plates with exceptional views on Paris and La Défense and has been BREEAM-in-use and HQE certified.
The So Ouest office was completed in 2013 and is part of the urban redevelopment of the So Ouest district. This redevelopment also includes the So Ouest shopping center inaugurated in October 2012 and the So Ouest Plaza mixed-use development project that features an office tower and a cinema.
