SGAM Alternative Investments, acting for its new SCPI Pierre Entreprise, has acquired a majority stake in the Tour de Lille for an undisclosed amount. The 120-metre high office tower has been bought from a property company managed by the Archon Group. This is the first acquisition made by SGAM AI Pierre Entreprise. Developed in 1995, the Christian de Portzamparc-designed property provides some 8,000 m[sup]2[/sup] of office space.