STAM Europe acquires the focus from AEW

STAM Europe, on behalf of the Madeleine fund, has acquired from AEW an office building located in Montrouge, adjacent to the 14th arrondissement of Paris. Thanks to its situation alongside the ring road and the Porte d’Orléans, the building benefits from an excellent visibility as well as a Parisian address.

The asset, delivered in 1996 and entirely renovated in 2014 by AEW, is independent and develops a total area of 10,123 sqm. Elevated over 8 stories above ground, the building offers its occupiers a modern and bright office space.

The Focus is leased at 70% to two tenants, including Brink’s for 50% of the space in the context of a 12-year fixed term lease. Strong marks of interest have also been received on the remaining vacant areas.

STAM Europe, on behalf of the Madeleine fund, has acquired from AEW an office building located in Montrouge, adjacent to the 14th arrondissement of Paris. Thanks to its situation alongside the ring road and the Porte d’Orléans, the building benefits from an excellent visibility as well as a Parisian address.

The asset, delivered in 1996 and entirely renovated in 2014 by AEW, is independent and develops a total area of 10,123 sqm. Elevated over 8 stories above ground, the building offers its occupiers a modern and bright office space.

The Focus is leased at 70% to two tenants, including Brink’s for 50% of the space in the context of a 12-year fixed term lease. Strong marks of interest have also been received on the remaining vacant areas.

Source: STAM

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