The prolonged weakness has started to hurt even top-tier towers that usually remain immune to downturns.

The acquisition has an impact on the ebitda guidance published on 21 February 2023.

The complex offers a leasable area of approximately 4,676 sq.m in 30 apartments and 18 two-story houses.

The property is strategically located in Combs-la-Ville, a prime logistics hub only 35 kilometres south of Paris.

This growth is driven by food and beverages, both fresh and standardized.

Low vacancy rates for quality office space are driving values sky high

Mortgage applications to purchase a home dropped 4% for the week, according to the Mortgage Bankers Association.

The investment comprises a 5-star hotel with 123 rooms and suites, as well as 17 branded luxury residences / apartments.