Retail property specialist Redevco has concluded the sale of the VIP office building in the French city of Lyon to Paris-based investor Fonciere Massena for a total of EUR 43 mln. Located in the Part Dieu district of Lyon the property was completed in 2001 and comprises 12,000 m[sup]2[/sup] of rental space and 227 basement parking spaces.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
