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Access here alternative investment news about Patron Capital Fund Buys Le Magnum Office Building In Paris | News | Ipe Ra
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Patron Capital Fund Buys Le Magnum Office Building In Paris | News | Ipe Ra

by realassets.ipe.com posted 2months ago 18 views
Patron Capital acquired the office building from Deka-Immobilien Europa for €71.5m. : Patron Capital has acquired an office building in France’s capital from Deka-Immobilien Europa for €71.5m. The property investor said it bought Le Magnum with the support of Cleaveland, Patron’s asset management partner. The acquisition was made on behalf of Patron’s fifth fund, Patron Capital V. Le Magnum was built in 1994 and renovated in 2008-2009. The property offers 10,550sqm of floor space and is fully leased to L’Oréal until the middle of 2019. Patron said it plans to redevelop the building to provide a contemporary, headquarters office building.