France - Citadel (CLS Holdings plc) has acquired an office building in the Rueil (92) Business district, close to Paris’ La Défense, from Corio for €33 million. International real estate advisor Savills represented the vendor.
The 7,357 sq m (79,192 sq ft) office building is let in its entirety to corporates including Veolia Environment and Geostock.
Pascal Rupert, director of investment at Savills Paris office, says: “Rueil Seine is an important business district which attracts major multi-national occupiers. There were just two investment deals carried out in 2009 in this area, and this transaction was the largest.”
La Société Générale provided financing of €21.7 million.
