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UBS sells major office development project in Paris-La Défense for approximately EUR 55 million download
UBS Asset Management’s Global Real Estate business announces that, on behalf of the UBS (Lux) Euro Value Added Real Estate Fund, it has completed the sale of the Les Saisons office building and its associated planning permissions in Paris-La Défense, to an entity wholly-owned by a Middle-Eastern Sovereign Wealth Fund for approximately EUR 55 million.
Improving occupier market fundamentals – in a tightening real estate pricing environment...