Champs-Elysees property sells for EUR 68 mln

Property investment companies Societe Fonciere Lyonnaise (SFL) and Ile-de-France have agreed the sale of Parelys, which owns a property at 118 avenue des Champs-Elysees in Paris, for a net prize of EUR 68 mln. The buyer Risanamento Europe has agreed to repay Parely's debt as part of the transaction, valuing the building at around EUR 92 mln.

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