Reported 1 day ago
Blackstone is among the shortlisted bidders for a century-old office block in Paris priced at €700 million ($800 million), marking a significant post-pandemic office sale. The CityQuartier Trocadéro, located near the Arc de Triomphe, is being sold by Germany's Union Investment. Other interested parties include Hines, while Commerz Real's bid was not successful. Despite pandemic-related setbacks, investor interest in prime office properties is resuming, although bids have come in lower than expected at around €650 million.
Source: YAHOO