
15 April 2010
Aerium acquires Paris property from private Irish investor
Aerium Properties 7, on behalf of a private Luxembourg fund, has acquired a mixed use property located on the corner of 24/28 av d’Iéna and 1 av Pierre 1er de Serbie in the 16th arrondissement of Paris from a private Irish investor.
The sale price was €10.5m, reflecting a net initial yield of 6.4%.
Comprising 1,200 sq m (12,917 sq ft) of office and retail space the property accommodates tenants bank BFT and specialist embroider of home linen, Noël.
Pascal Rupert, Investment Director, says: "More than €1bn of investment was carried out by family offices in 2009 equating to 12% of the overall investment volume. This was principally invested into assets ranging €10-€50m."
International real estate advisor Savills represented Aerium.

CONTACT INFORMATION
Pascal Rupert
Investment Director - France
+33144517389
prupert@savills.fr
Florence Lefaucheux
Marketing & Comminucations Director - France
+33144 517370
flefaucheux@savills.fr