Tishman Poised for Paris Deal; Developer to Acquire Headquarters of AXA Division
The Wall Street JournalNovember 12, 2009
Property developer Tishman Speyer Properties is expected to announce Wednesday that one of its investment funds had acquired the Paris office building that houses the headquarters of AXA Corporate Services for roughly $95 million.
Tishman has acquired the building from SCI Vendome in a sale-and-lease-back arrangement. Located near the Gare Saint-Lazare train station in central Paris, the building has served as corporate headquarters for various units of French insurer and asset manager AXA SA since it was built in 1910.