Turnbull Associés awarded due diligence on 92 Avenue de France
Hines France appoints Turnbull Associés on full technical due diligence of €200m Parisian office
Oxford Properties, an arm of Canada Ontario municipal workers pension fund OMERS, has acquired a second office asset in Paris.
The 10,000m2 building at 92, Avenue de France was put on sale by the joint owners GLL et Union Investment. Oxford Properties were represented by Hines France and appointed Turnbull Associes to carry out a full technical due diligence of the property which dates from 2003.
The survey included an analysis of the structural supports below the building which bridge over the railway tracks from nearby Austerlitz Station.
These supports, which run below the Avenue de France, were built by the development zone authority (SEMAPA 13) and the interface between them and the building itself required some unusual investigations in which Turnbull Associes was assisted by consultant structural engineers.