Gulf Islamic Investments Acquires Office In East Paris For $301M

The office property located at 1 Place Aimé Césaire in East Paris, France, has been sold in a transaction completed on 03/01/2021. The property, measuring 403,646 square feet, was acquired by Mohammed Rashed Alnasri of Gulf Islamic Investments. The seller of the property was Oaktree Capital Management. The office space is currently occupied by AirFrance.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $301,000,000
• Address: 1 Place Aimé Césaire
• Market: East Paris, France
• Square Footage: 403,646
• Buyer: Mohammed Rashed Alnasri - Gulf Islamic Investments
• Seller: Oaktree Capital Management
• Tenant: AirFrance

This transaction marks an important milestone for Mohammed Rashed Alnasri and Gulf Islamic Investments as they expand their investment portfolio with the acquisition of the prominent office property in East Paris. On the other hand, Oaktree Capital Management successfully completed the sale, further demonstrating their expertise in the real estate market. The existing tenant, AirFrance, will continue to occupy the office space, ensuring a steady stream of rental income for the new owner.