| Invesco Real Estate is acquiring two trophy office properties in Paris for some EUR 600 mln on behalf of an unnamed Middle Eastern sovereign wealth fund, PropertyEU has learned. Both properties are being sold by German fund manager KanAm's Grundinvest Fonds which are currently under liquidation.
The transaction, which is believed to reflect a yield of 5-5.25%, involves jeweller Cartier's head office in Paris which KanAm bought in 2007 for EUR 380 mln...............................................Full Article: Source
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