Generali Real Estate, associated with a leading Asian investor, has just acquired the New Station office buildinglocated in the Montparnasse district in Paris, with an OPCI managed by DTZ Investors REIM on behalf of an institutional investor and advised by DTZ Investors France.
New Station was acquired on behalf of the pan-European fund Generali Real Estate Core Plus, managed by Generali Real Estate SpA The latter will act as manager of this real estate asset.
Located in the dynamic and central district of Montparnasse, on the left bank of the Seine, the building benefits from the strategic proximity of the Gare Montparnasse, one of the main public transport hubs in Paris. New Station, built in 1992, comprises nine floors with an area of approximately 27,500 m². It is currently leased to six tenants.
As part of this transaction, Generali Real Estate was advised for the tax part by LPA-CGR lawyers with Sandra Fernandes, associate lawyer, Sarah Kesy, counsel lawyer and Mathilde Thiéry, lawyer.
Generali Real Estate was also advised by Gide on the legal aspects andCheuvreux notarial office.