Unibail-Rodamco-Westfield (URW) has completed the disposal of the SHiFT office building to a consortium of French institutional buyers (Primonial REIM, La Française and EDF Invest) for €620 million.
Shift office building is located in the business district of Issy-les-Moulineaux (Paris region) with a GLA of 47,200 sqm. The 45,000 sqm of office property is fully let to Nestlé for its new French headquarters on a 12-year lease.
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URW was advised by Ginisty & Associés and Lacourte Raquin Tatar, and the buyers were advised by Fairway, Allez & Associés and Kramer Levin.
