PropertyEU
Union sells Les Renardières in Paris for EUR 148m
Date: 4 January 2012
Category: Office
German fund manager Union Investment has sold Les Renardières office complex located in the commune of Courbevoie, near Paris. The buyer is an OPCI fund managed by real estate investment manager Primonial Reim.

The complex consists of two office buildings providing a total of 32,000 m2. Developed in 1990 and 1992, Les Renardières was bought in 2000 by Union's UniImmo: Deutschland open-ended fund.

Law firm Clifford Chance and notaries Cheuvreux advised Union on the deal.
 
Dutch office market faces EUR 10bn writedown: DTZ
South-African investor buys London's Tower 42 for EUR 340m
Union sells Les Renardières in Paris for EUR 148m
Amundi snaps up office in Paris Bercy for EUR 90m
Pramerica buys Glasgow office scheme for EUR 84m
UK investors purchase Barcelona's Hotel Palace for EUR 68m
Hahn fund acquires Regensburg retail centre for EUR 40m
C&W Investors buys London asset for UK pension fund
JLL sees slow start for UK market but brighter prospects in H2
Deutsche Hypo provides EUR 104m loan to Gecina
WP Carey & Co. founder and chairman dies in Florida