Announced
Completed
Financials
Sources
Tags
Friendly
office building
Real Estate Holding and Development
Domestic
Private
Private Equity
Completed
Single Bidder
Joint Venture
Acquisition
Majority
France
Real Estate
Synopsis
rincipal Real Estate Europe, on behalf of the Principal European Office Fund, and Cepac Foncière have jointly acquired the Astrolabe office building from private equity firms Covivio and PREDICA. Financial terms were not disclosed. "Through all its investments within the Euromed district, like the La Marseillaise Tower, iconic building of Quai d’Arenc, CEPAC confirms its territorial commitment once again. The architectural signature of the Astrolabe building, its visibility in the heart of Euromed, its dedicated services and the quality of its occupiers make it a reference we are very proud to acquire alongside Principal," Severin Bienvenu, CEPAC Managing Director.
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