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CBRE Investment Management acquires Paris CBD office

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
(https://www.propertyfundsworld.com/2021/10/12/307497/cbre-investment-management-acquires-paris-cbd-office)