Address:  6 avenue Montaigne 93160 Noisy-le-Grand

Acquisition date:  31/10/2020

Asset class/Risk profile: Office / Value Add

Building of 15,400 sqm with 186 parking spaces and let to more than 25 tenants.

The asset is located in an excellent environment with direct access to the RER A and the A4 highway to Paris. The two office buildings separated by a third hotel building, but not included in the transaction, were 35% vacant and therefore part of a restructuration strategy. The acquisition strategy consists of renovating vacant floors / common parts and offer strong value to tenants.