Carlyle says 'Oui' to Paris purchase.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. , FRANCE France (frăns, Fr. fräNs), officially French Republic, republic (2005 est. pop. 60,656,000), 211,207 sq mi (547,026 sq km), W Europe. : Carlyle Europe Real Estate Partners and GECINA have agreed to the signing of a sale option of Valmy, a newly developed office building in Montreuil close to Paris 20, an investment higher than $156 million. The transaction is expected to close within the next four weeks. Carlyle Europe Real Estate Partners agreed to acquire the property in April 2004 while it was still under construction as a turnkey See turnkey system. development. The property is a 7-floor office building consisting of 29,500 sq.m. It is located close to the peripherique ring road in Montreuil, east of Paris. The construction was developed by Meunier, a division of BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Immobilier. The acquisition was completed at the time of delivery of the building in February 2006. The building is currently 25% leased to a state-owned company with a 12 year lease. Carlyle Europe Real Estate Partners invested in Valmy through its first European real estate fund, Carlyle Europe Real Estate Partners I. |
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