Union Investment Real Estate announced the acquisition, on behalf of its open-ended institutional fund UniInstitutional European Real Estate, of the Euro Alsace office building, located in the 10th district of Paris. The building was acquired from Commerz Real, which had owned it since 2007 through its closed-ended fund CFB 165.
Built at the end of the 19th century and renovated in 2007, the Euro Alsace building has a surface area of 16,000 m² spread over six floors. It is leased in full to SNCF.

The Clifford Chance team that advised Union Investment Real Estate on this transaction was led by Alexandre Couturier, partner, with the support of David Gérard and Angélique Maniez, associates.