Regions International
ING Acquires Office Properties in France
May 21, 2008

ING Real Estate acquired two office properties in France for approximately 70 million euros on behalf of the ING Real Estate Office Fund. Le Millenium 1, a multi-tenant building with 110 parking spaces is located in the city centre of Bordeaux. The building is fully leased to six tenants. L'Open Building with eight floors and a six-level underground car park is located in the Forum Seine area of Issy-les-Moulineaux, south west of Paris. The main tenant CMP Medica occupies 75 percent of the building. The two other tenants are Oxya and A.P.C. The company has also acquired a Gazeley Canly, a logistics centre located in Canly, Oise, 60 kilometres north of Paris. The building is fully leased to Recall France SA.

 
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