GG Capital and Inmark acquire Tour Euope in Paris for €280m

An undisclosed South Korean institutional investor bought the Tour Europe office tower is Paris’ la Défense district for roughly €280 million from a U.S.-based seller, making a 4.5% yield, Property Week reported.

According to the building’s website, it offers 28,500 square meters of total space, a majority is leased to EDF Group’s energy services company Dalkia, with about 11,700 square meters available for lease.

Inmark and GG Capital advised on the transaction, PW reported May 29.