Ivanho茅 Cambridge has acquired a 90,000sqm office-building campus in France from Natixis.
The C$60bn (鈧�40.09bn) real estate investment arm of Quebec鈥檚 sovereign fund, Caisse de d茅p么t et placement du Qu茅bec, said it has bought Cap Amp猫re in Saint-Denis, Paris region. The campus consists of four connected buildings on a plot of four landscaped hectares.
Financial details were undisclosed. Ivanho茅 Cambridge said this is the largest asset sold this year in the French office market.
The asset is occupied by EDF. The energy firm has signed a nine-year fixed-term lease.
Karim Habra, the head of Europe, Ivanho茅 Cambridge, said: 鈥淔ollowing the recent deals of HUB 247 in Nanterre and the Tours DUO in Paris, this transaction once again illustrates Ivanho茅 Cambridge鈥檚 European expertise and strategy of investing in projects with high growth potential in urban areas currently undergoing regeneration.
鈥淲e are also enthusiastic about contributing to the future success of our tenant EDF and their employees.鈥�
