CBRE Investment Management, on behalf of Zurich Insurance Group Germany, has completed the off-market acquisition of a Grade A office building in Paris from Sogelym Dixence, a French real estate developer.
The property is located at 5 rue de la Baume - Paris 8th arrondissement, in the heart of Paris’s Central Business District (CBD). It is well connected to the Paris Métro via lines 9 and 13, as well as to national transport links through its proximity to Paris-Saint-Lazare.
The asset was redeveloped by Sogelym Dixence in 2008 to create a modern and efficient Grade A office space. Comprising circa 3,300 square metres across five floors above ground level, the building mostly features floor-to-ceiling windows on both sides of the property providing excellent natural lighting and offers common services and includes 32 parking spaces. The fifth and last floor benefits from a circa 100 square metres private terrace.
Source: propertyfundsworld.com on the 12th October