Olswang has advised real estate developer Mitsubishi Estate on the acquisition of an office building located in Paris (46 rue la Boétie) from one of Invesco Real Estate's funds.

The building is the former headquarters of French daily newspaper Les Echos. With a rental space of approximately 2,400 sqm, it is currently leased to six tenants, among which Allianz Real Estate, The Financial Times and Optimind.

This transaction represents the first real estate investment of Mitsubishi Estate in France.

The Olswang team advising Mitsubishi Estate was led by Partner Emeline Peltier, with support from associates Philippe Johnston and Julie Tchaglass.