Paris, 30 March 2017

This 6,000 m² office building, in the heart of Paris’s CBD*, was sold by Primonial REIM on behalf of another major French institutional investor and acquired by the collective real estate investment vehicle held by CNP Assurances and managed by La Française.

The original 1925 building was entirely renovated in 2015-2016 by Prinomial REIM with a “very good” BREEAM rating. It is currently let to Gresham Banque Privée and IMG Models.

In this transaction, the buyer was advised by consultancy Wargny Katz on notarial matters and Baker & McKenzie on tax and legal issues. Technical, environmental and energy audits were handled by Siena, Burgeap and Thermaviva, respectively.

The seller was assisted by Orfeo Développement on technical issues, Allez & Associés on notarial matters and Strategies and Corp on the transaction itself.

*Central business district