| Investment Portfolio | Realized Investments | ||||||||||||||||||||||||||||||
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Raphael | ||||||||||||||||||||||||||||||
| A collection of three independent buildings providing office, laboratory and warehousing space. | |||||||||||||||||||||||||||||||
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The Raphael Building is located in the Southern Parisian Suburbs of Ivry-Sur-Seine and overlooks the River Seine. The area benefits from the nearby business districts of Bercy, Gare de Lyon and Paris Rive Gauche. The property consists of three independent structures providing office, laboratory, and warehousing space. Collectively the buildings offer up to 4 floors of office activity space, two underground car parks and a dedicated warehouse. The University of Paris-Jussieu is the sole tenant of the property with a 10 years lease expiring in October 2013. Raphael was realized from on July 2005 and sold for €45,500,000. It achieved a 19.2% IRR. This was well in excess of the targeted 12% IRR. |
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