Tishman Speyer and PSP Investments Acquire Espace Lumière Building from Malaysia Employees Provident Fund
Posted on 11/06/2020
Real estate firm Tishman Speyer and Public Sector Pension Investment Board (PSP Investments) purchased the Espace Lumière building in Boulogne-Billancourt, near Paris. The seller is Malaysia Employees Provident Fund (KWSP), in which the asset was managed by Invesco Real Estate. The price is estimated to be €230 million.
The Espace Lumière building totals 28,000 square meters.
Malaysia Employees Provident Fund bought the building in 2015 for €215 million from AEW Europe, a unit of AEW Capital.