The WPJ
BBVA Sells Paris Headquarters

BBVA Sells Paris Headquarters

Commercial News » Done Deals | By WPC Deals Team | April 19, 2013 11:37 AM ET



Spanish banking group BBVA has sold their Paris headquarters and agreed to a leaseback for the space, as the company aims to optimize its property holdings, according to a new release.  

An investor purchased the 2,000-square-meter building located at 29 Avenue de l'Opéra (Paris 1) for €32 million.  

During the first quarter of 2013, office space take-up dropped 24 percent to 393,500 square meters in the Paris Ile-de-France region, according to Immostat and IPD France data.

Overall, Europe commercial investment has been strong in the first quarter, according to the latest CBRE report.

Cushman & Wakefield and BNP Paribas Real Estate advised BBVA.


Real Estate Listings Showcase

This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More