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Clifford Chance advises Union Investment Real Estate on the acquisition of the Euro Alsace building in Paris

28 March 2018

Clifford Chance advises Union Investment Real Estate on the acquisition of the Euro Alsace building in Paris

Union Investment Real Estate announced the acquisition, on behalf of its open-ended institutional fund UniInstitutional European Real Estate, of the Euro Alsace office building, located in the 10th district of Paris. The building was acquired from Commerz Real, which had owned it since 2007 through its closed-ended fund CFB 165.

Built at the end of the 19th century and renovated in 2007, the Euro Alsace building has a surface area of 16,000 m² spread over six floors. It is leased in full to SNCF.

The Clifford Chance team that advised Union Investment Real Estate on this transaction was led by Alexandre Couturier, partner, with the support of David Gérard and Angélique Maniez, associates.

Clifford Chance a conseillé Union Investment Real Estate sur l'acquisition de l'immeuble Euro Alsace à Paris

Union Investment Real Estate a annoncé l'acquisition, pour le compte de son fonds institutionnel ouvert UniInstitutional European Real Estate, de l'immeuble de bureaux Euro Alsace, situé dans le 10ème arrondissement de Paris. L'acquisition a été réalisée auprès de Commerz Real, qui le détenait depuis 2007 pour le compte de son fonds fermé CFB 165.

Construit à la fin du 19ème siècle et restructuré en 2007, l'immeuble Euro Alsace développe une superficie de 16 000 m² sur six étages. Il est intégralement loué à la SNCF.

L'équipe Clifford Chance conseil d'Union Investment Real Estate sur cette opération était composée d'Alexandre Couturier, associé, ainsi que de David Gérard et Angélique Maniez, avocats.