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CeGeREAL closes €218M buy of Paris building

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CeGeREAL closes €218M buy of Paris building

Commercial property company CeGeREAL closed the €218 million acquisition of the Passy Kennedy office building in Paris' 16th arrondissement from AG2R La Mondiale.

The French company said it funded the deal for the 23,615-square-meter property through an €80 million capital increase and a €148.5 million loan from Société Générale.

CeGeREAL was advised by Attal & Associés, Linklaters, Taj and Artelia on the transaction; Société Générale, BNP Paribas, Fidal and Allen & Overy on the capital increase; and Attal & Associés and DLA Piper on the bank financing.

AG2R La Mondiale was advised on the transaction by 14 Pyramides.

JLL brokered the deal.