“Interest in properties such as Portes de France which are well marketed is currently particularly pronounced due to the high investment pressure,” says Robert Bambach, the board member of Commerz Real AG responsible for real estate transactions. “Since last year we have concluded new lease agreements for the property with the existing tenants Vinci Energies, Verspieren and Dell, and have acquired a new tenant in Manpower. The sale is taking place at the ideal point in time, therefore, and is thus making a good contribution for the fund.”
The contractual parties have agreed to maintain confidentiality on the purchase price. The property on Avenue du Stade de France – directly opposite “Stade de France”, which was constructed for the 1998 World Cup finals – was acquired in 2007 in the framework of an asset deal during the construction phase. The ensemble comprises two seven-storey buildings with a total area of some 24,600 square metres straddling the A86 arterial road – thus creating the appearance of a city gate and giving rise to its catchy name.
Located close to the “Périphérique” city highway and to the Metro suburban railway, and positioned halfway between downtown Paris and Charles de Gaulle Airport, the property boasts excellent transport connections.
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