Five major commercial property deals make up the CRE deal summary for 3 December, including an off-market office in Paris, a Rotterdam mixed-use tower and three industrial unit sales in the UK and Poland.

Off-market Paris office

86 Rue De Courcelles, in Paris
86 Rue De Courcelles

Location: 86 Rue De Courcelles. Paris, France
Sector: Office
Buyer: Tokoro Capital
Seller: JV V between Angelo Gordon and S2i Partners
Price: Around €30m
Quote: Sanjay Sethi, Co-Founding Partner at Tokoro Capital, adds, “The future of the office points towards beautiful touchdown spaces offering a carefully curated mix of indoor and outdoor space, which is exactly what 86 Rue De Courcelles offers.”

The Lee Towers 1

Lee Towers 1, Rotterdam
Lee Towers 1

Location: Rotterdam, Netherlands
Sector: Mixed-use
Buyer: Swiss Life Asset Managers
Seller: tB|BHW Projects B.V.
Price: Share deal
Quote: Fund manager Walter Seul, says, “Rotterdam is the second biggest city in the Netherlands and one of the economic centres in Europe with one of the biggest European ports. Thus, this prestigious real estate investment fits perfectly into the portfolio of our funds.”

Two self-storage units

One of the units in Bury and Lichfield
One of the UK units

Location: Bury and Lichfield, UK
Sector: Warehouse
Buyer: LGIM Real Assets
Seller: Not disclosed
Price: Not disclosed
Quote: Michael Barrie, Director of Fund Management, LGIM Real Assets, says, “Led by our in-house self-storage experts Jessica Cunningham and Matthew Lilley, we continue to look for opportunities to acquire operational facilities and development sites, alongside repurposing underutilised assets within our own real estate portfolio.”

Two Poland warehouses

Panattoni is acquiring warehouses in Poland
Panattoni is acquiring warehouses

Location: City Logistics Wrocław North, Wrocław
Sector: Logistics
Buyer: European Logistics Investment and Panattoni
Seller: Undisclosed
Price: €13.7 million
Quote: Łukasz Toczek, Senior Vice President Investments at Griffin Real Estate, says, “With the latest trends, like the expansion of e-commerce, relocation of supply chain and logistics processes to Central Europe and growing regional supply chain market, which have been intensified during the pandemic, Wrocław is bringing even more interest from top global investors and industry occupiers as one of the main logistics spots in the CEE region.”

UK Business Park

Saturn Park, Merseyside, has been bought
Saturn Park, Merseyside

Location: Saturn Park, Merseyside
Sector: Logistics
Buyer: Harworth Group plc
Seller: Undisclosed
Price: £26 million
Quote: Richard Bousfield, Head of Income, Harworth Group plc, says, “In buying Saturn Business Park in a matter of weeks, we’ve once again we’ve proved our ability to quickly transact and be a trusted counter-party for vendors. We remain firmly in the market for similar industrial property with asset management potential and I look forward to completing further deals in due course.”

If you have found this CRE deal summary for 3 December useful, check out our previous round-up.

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