Deka Immobilien buys office complex in greater Paris from Catalyst Capital
Deka Immobilien has acquired Les Ateliers du Parc, an office complex in the greater Paris sub-market of Clichy, which is fully let on a long-term basis, for around EUR155 million.
Built in 1908, Les Ateliers du Parc was comprehensively refurbished in 2011-2013.
Parts of the overall complex, which comprises four connected buildings, are listed.
Catalyst European Property Fund I, a fund managed by Catalyst Capital, the European real estate investment and asset management firm, is the vendor.
The asset will be included in the portfolio of Deka-ImmobilienGlobal, an open-ended mutual property fund.
The total available floor space in the complex of approximately 33,000 sqm for offices and catering is currently let to five different parties, including online seller Amazon France and advertising agency McCann Erickson.
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