FREO Group has just completed the acquisition of Pablo Picasso, an office building of over 35,000 sqm close to La Défense, the business district of Paris.
This first acquisition in Paris by FREO, structured by FREO and in partnership with a British investment fund, confirms the strategy of FREO with respect to the French real estate market.
The seller is a European institutional investor.
Furthermore, FREO, as asset manager, will support the implementation of a capital expenditure program and renovation of the building.