Two tower buildings in the centre of Paris’s financial district, La Défense, have been put on the market for a combined price of around €250m. Tour Vista, a 170,000 sq ft office building at 52 Quai de Dion, overlooking the River Seine has been placed on the market by German open-ended fund manager Pramerica for around €140m.The 25-storey property is fully let and a sale at the asking price would reflect a yield of around 5.9%. Dutch listed property company Corio has also put up for sale Le Balzac, a 160,000 sq ft office building in the area. The sale of Tour Vista is understood to have been provoked by the closure in May of Pramerica’s German open-ended fund, TMW Immobilen Weltfonds.Pramerica took the decision to close the fund as it was unable to persuade investors to retain sufficient cash within the fund to meet the regulators 5% minimum liquidity level. Financial termination of the fund must occur at the end of May 2014 by which time all assets in the €733m fund must be sold and cash returned to investors.The fund is also selling 85 Fleet Street in London’s Midtown for £75m. The price reflects a yield of around 5.5% for the 100,000 sq ft former Reuters headquarters.Morgan Stanley’s P2 fund is suffering from the same problem and is also subsequently being forced to sell assets.Its P2 Value Fund decided to liquidate its assets in October last year and has this week formally brought to the market its 57% stake in Trianon, a 750,000 sq ft office building in Frankfurt. The property on Mainzer Landstrasse, which is understood to be valued at around €470m, is the global headquarters of Deka Bank.Once the liquidation of a German open ended fund has been announced it must return as much as cash as possible to investors within a two year timeframe. As a result, fund managers of closed funds are faced with the dilemma of making quick sales and having a longer period in which to complete transactions or delay sales in the hope that markets will improve although “vulture” investors will then be able to pray on their increasing need to do deals.In London, KanAm is looking to sell a £1bn portfolio of City offices in order to bring in cash to repay investors, although it is not terminating it’s fund.Savills and CB Richard Ellis are selling Tour Vista.  Savills and Jones Lang La Salle are selling Le Balzac. Jones Lang LaSalle is selling Trianon for Morgan Stanley and Fleet Street for Pramerica. To view a video of Pramerica’s general manager Sebastian Lohmer go to propertyweek.com/exporeal