Blackstone among bidders for $800 million commercial property in Paris: Sources
LONDON: Blackstone is among several bidders shortlisted to buy a more than century-old office block in Paris with a price tag of 700 million euros ($800 million), a source familiar with the matter told Reuters, in what would be one of Europe’s biggest post-pandemic office sales. The CityQuartier Trocadero building is in a prime location in the 16th arrondissement near the Arc de Triomphe and was put up for sale by the owner, Germany’s Union Investment, in March. Real estate investor Hines also made the cut, while Commerz Real, owned by Germany’s Commerzbank, also put forward a bid that was…
