Paris growing real estate activity

International property investors may be pleased to learn that Standard Life Investments is to open a new office in Paris. According to the firm, the new outlet will provide continued support in an area that is seeing growing real estate activity.

Tourism a 'major factor' in French real estate market

Both capital growth and rental value of an overseas property are often determined by demand within the tourism sector, a trend particularly evident in the French real estate market, one expert has claimed.

Digital Realty Trust To Lease 2,500 Sq. Metres Of Space In Paris

7/2/2007 6:50:32 AM Monday, real estate investment trust Digital Realty Trust Inc. (DLR) announced that it entered into a deal with Europe-based IXEurope Plc to lease 2,500 square meters of Powered Base Building space in its facility in Paris, France. IXEurope, a data-center service provider, plans to create an advanced data-center facility in this space and is expected to be made available to customers in the fourth quarter of 2007.

Sale of 9 Place Vendôme, Paris

Hammerson and AXA REIM France have signed a conditional agreement to sell their shares in SAS 9 place Vendôme, the joint venture company which developed and owns the major office building at 9 place Vendôme, Paris 1er. Completion of the sale is scheduled for 9 July 2007 and the purchaser, SAS Sloane place Vendôme, has paid a non-refundable deposit of £13 million (€20 million).