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BNP Paribas REIM acquires Palatin II and III in La Défense neighbourhood on behalf of SCPI Accimmo Pierre
Accimmo Pierre, an SCPI managed by BNP Paribas REIM France, acquired the buildings Palatin II and III in La Défense - a major business district in the outskirts of Paris - from Commerz Real. Both office buildings develop over 23,000 sqm across 7 floors and are currently being renovated for delivery in Q3 2018.
The logistics market is thriving boosted by a favourable economic backdrop stimulating exports, retail sales and consumer spending. The sale of major portfolios in Germany generated outstanding volumes of investment during the first half of 2017. Prime yields continued to decline, even though they have had already bottomed-out to their lowest level. Expectations across Europe in the forthcoming quarters point towards a return to more average level of investment and further yield compression.
BNP Paribas Real Estate to sell 7,300 sq. m of offices at "Visalto", a 32,000 sq. m mixed-use property complex in Paris’ 19th arrondissement download
BNP Paribas Real Estate has put a part of the Visalto property complex up for sale—a seven-storey building with 7,300 sq. m of offices built by its development teams and completed in Q1 2016.