On behalf of one of its funds, Invesco Real Estate has acquired a mixed-use property located at 43, Boulevard des Capucines/24, Rue des Capucines in Paris from Crédit Foncier.
The building, which was fully refurbished in 2010 and which benefits from HQE certification, comprises approximately 4,900 sq.m., with over 1,000 sq. m. of retail space.
In this transaction, Crédit Foncier was advised by Ad Valorem Investment, KL Associates and CMS Bureau Francis Lefebvre.
Invesco Real Estate was advised by Cushman & Wakefield, Notary Begon Bonneau Herbert Bougeard & Brulon, Linklaters and Taj.
Over the past 12 months, Invesco Real Estate has invested nearly € 850 million across Europe, including more than € 115 million on the French market.