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7 June 2015, France | Corporate Finance | News

Terrot Group sold the 38, rue Boissiere, to over 11 million euros

A French institutional investor acquired from the Terrot Group, the 38 rue Boissiere in the 16th arrondissement.

This is a set completely renovated, developing an area "close to" 800 m2 leased to the Globe Group (a firm 9-year lease, which was renewed earlier this July).

The transaction amounted to 11.25 million net seller. "Based on the rent stabilized, this transaction reflects a yield close to 4%." In this operation, the Terrot Group was advised by Catella Property.