Wereldhave Scores Paris Office Development For $180M

Law360, New York (December 21, 2011, 8:17 PM EST) -- Dutch real estate investor Wereldhave NV has agreed to pay €138 million ($180 million) for an office building that will be constructed in Paris as part of a two-building development, the company said Wednesday.

The office property will be developed by BNP Paribas SA's real estate arm with Wereldhave taking on the funding risk, the Hague, Netherlands-based investor said in a statement. The firm did not name the seller.

Wereldhave said it was confident it could rent space in the building due to healthy demand in the Paris...
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