Savills advises in purchase of two Wasquehal office buildings
14 July 2011
International real estate advisor Savills has advised a French regional fund in the acquisition of two fully let office assets in Wasquehal, north France, for €4.79m. The properties, which have a combined surface area of just under 2,000 sq m (21,527 sq ft) were sold by independent investment firm InfraRed Capital Partners.
Building F, in Métropole de Lille, consists of 936 sq m (10,075 sq ft), and is fully let to Meeschaert Gestion Privée. Building G is a 1,056 sq m (11,366 sq ft) property which is 100% let to Molnycke Health Care.
Tristam Larder, Savills Investment team in France, says: "Offices are still the main target asset in France and this transaction is evidence that there is good demand for office stock in the French regions."
For further information, please contact:
Tristam Larder, Savills European Investment, +44 (0) 207 409 8014
Florence Lefaucheux, Savills France, +33 (0) 1 44517370
Victoria Buchanan, Savills Press Office, +44 (0) 207 409 8940
Savills Margaret Street
+33 1 44 51 77 15