Commerz Real has sold the Le Danica office complex in Lyon, France to Zublin Immobiliere for just under EUR 50 mln. Commerz, which bought Le Danica in 2003, says it will use the proceeds for further purchases. The complex, which is fully let, has 15,500 m[sup]2[/sup] of letting space and 435 parking spaces. It is located in the heart of Lyon's Part Dieu business area.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
