Societe Fonciere Lyonnaise (SFL) and IDF have sold a property at Avenue Kleber, in the XVI arrondissement of Paris, for EUR 41 mln. The building, acquired by UK firm Pembroke, provides some 3,400 m[sup]2[/sup] of office space leased mostly to Givaudan France, a leading company in the flavours and fragrance industry. The two sellers have been advised by CBRE. Horizon Investment Management acted for the buyer.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
