Aviva buys Paris office block

Aviva Investors has acquired a prime office building in the heart of Paris’ business district for an undisclosed price.

The acquisition, carried out on behalf of one of the firm’s mandates which has not been named, was made as part of a sale and lease back agreement with Crédit du Nord, which has occupied the building for the last 25 years.

The property – Le 50 rue d’Anjou – has a total lettable area of around 10,600 sqm and can cater for up to 1,000 people.

Adrien Beuriot, head of asset management for continental Europe at the firm, said: “Alongside London, Paris is the office market identified in our research last year that we expect to be the best-performing in Europe.” 

“The asset sits in a good location in the city, strengthened by its proximity to a significant transport hub,” he added. 

©2020 funds europe

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