La Française Real Estate Managers has acquired an office building in Paris for an undisclosed sum from France Telecom. The 4,690 m2 property is located on 106-108 rue de la Boétie in the 8th arrondissement of the French capital and is fully leased to five tenants.

La Française REM carried out the transaction on behalf of its fund, SCPI UFG Pierre on 22 December 2011.

La Française REM manages EUR 6.2 bn of real estate assets and invests in all the main property segments in France through a range of vehicles on behalf of institutional clients.