trending Market Intelligence /marketintelligence/en/news-insights/trending/bt6xqflet661_swntzgm6q2 content esgSubNav
In This List

Report: German pension fund in talks to buy Paris building

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Report: German pension fund in talks to buy Paris building

German pension fund Bayerische Versorgungskammer is in discussions to acquire the 114 Avenue des Champs-Elysees building in Paris, Bloomberg reported, citing people familiar with the matter.

An entity controlled by the family of French billionaire Christopher Descours put the asset on the block for €700 million in late 2017, the news outlet noted, citing CoStar News.

The building will house an Apple store, scheduled to open in 2019, and includes office space above.

Neither the seller nor the prospective buyer commented on the matter. Hines Interests LP, which is advising Bayerische Versorgungskammer on the transaction, declined to comment, Bloomberg noted.

Morgan Stanley and Jones Lang LaSalle Inc., which were hired to market the property, also did not provide a comment, according to the report.