AEW Ciloger buys Paris’ CBD asset

By James Buckley - Wednesday, January 10, 2018 9:18

AEW Ciloger has acquired, on behalf of the Fund (SCPI) Fructipierre, a fully let mixed-use building located at 6 avenue Marceau in the 8th Arrondissement of Paris for €30m.

The building is ideally located in Paris’ CBD and offers 2,500 sqm of space distributed across 8 levels of offices and two street level retail premises. The building also includes 46 indoor parking lots.

Fructipierre is a diversified income focused fund with a portfolio that comprises offices and retail assets in Central Paris and Paris Île de France.

AEW Ciloger was advised by ADDH – Me DECHIN and the seller by 14 Pyramides – Me GOURRET.

Wakefield & Cushman and Hayter International were co-exclusively mandated in this transaction.

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