Foncière Paris France (FPF) has bought a 47,000 sq m (505,904 sq ft) office portfolio worth €160 million.
Savills advised FPF on the purchase from SAGI Immobilier d’Entreprise, a subsidiary of Société Nationale Immobilière (SNI), who are part of the Caisse des Dépôts group.
The portfolio includes:
- Paris Biopark
- a 29,300 sq m (315,382 sq ft) office
- a laboratory scheme at 13 rue Jean Antoine Baïf, in the heart of Paris’ Rive Gauche district.
Pascal Rupert, director of the investment department at Savills France, says : "This important portfolio represents one of the biggest deals in Paris in recent months."