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| Union Investment acquires office building in Paris Rive Gauche  Hamburg-based Union Investment Real Estate GmbH has acquired the office building "A4C" in Paris Rive Gauche in a transaction worth some EUR 177 million. The vendor is asset manager Standard Life Investments. Completed in 2006, the fully let property offers total rental space of 25,400 sq m. Main tenant Natixis is a business bank and part of BPCE, France‟s second largest banking group. It uses the prestigious building on the Quai d‟Austerlitz as its corporate headquarters. The head lease with Natixis for 97% of the space runs for nine years with a special right to give notice after six years. write your comments about the article :: © 2009 Construction News :: home page |