GIC to buy office tower in Paris for $741m

Submitted By:  Staff Reporter Case Study:  No It has a gross lettable area of 64,500 sqm. GIC will acquire Tour Ariane which is a 40-storey office building located in France from European real estate firm Unibail-Rodamco-Westfield for $741m (€465m), an announcement revealed. Located in the heart of the La Défense business district of Paris, Tour Ariane’s proximity to transport hubs and amenities will provide multiple opportunities over the long term, which GIC said it will aim to capture through the investment. read more