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BBVA carries out sale & leaseback of Paris HQ for €32m

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Multinational Spanish banking group BBVA has carried out a sale and leaseback of its 2,000 sq. m. Paris headquarters, located at 29 Avenue de l'Opéra (Paris 1), as part of a strategy to optimise its property holdings. An investor acquired the asset for €32 million. 

In this transaction, BBVA was advised by Cushman & Wakefield and BNP Paribas Real Estate under a joint-agency instruction.