Blackstone Real Estate has agreed to acquire Centre d'Affaires Paris Trocadéro from Union Investment for approximately €700 million, marking a premium exit that underscores the enduring appeal of prime Parisian office assets despite broader market uncertainty.
The 41,000 square metres mixed-use property, strategically positioned on Place du Trocadéro opposite the Palais de Chaillot in Paris' prestigious 16th Arrondissement, represents one of the most significant office transactions in the French capital this year. Originally constructed by Société Générale in 1913 as a bank building, the asset was repositioned as a multi-let complex in the early 1990s before Union Investment acquired it in 2003 for €284 metres.
The transaction, which closed above the property's latest valuation following signing completion, delivered exceptional returns over Union Investment's 22-year holding period and marks the third successful exit of a large property held for more than two decades by the German fund manager's open-ended real estate funds.
Source: europe-re.com on the 3 September 2025
https://europe-re.com/blackstone-acquires-paris-trophy-asset-for-700m-from-union-investment/74468