France's Sovafim, a state-owned real estate management company, has sold the Maheu property portfolio for EUR 231 mln, excluding taxes, French business website Business Immo has reported.

The portfolio, consisting of 11 Parisian assets with a total surface of 42,000 m2, was sold on behalf of its owner, la Caisse Autonome Nationale de la Sécurité Sociale dans les Mines (the French Independent Social Security Fund for Miners). The properties were acquired by a diverse group of buyers including private investors, investment funds, and sovereign wealth funds.

The acquisition process was led by DTZ's investment department and Saggel Transactions, a subsidiary of the Nexity Group. The seller was advised by Maitre Franchi.