CCP 5 L.L, a fund managed by Tristan Capital Partners, has acquired the iconic Ateliers du Parc office campus located in the city centre of Clichy, in Paris’ Northwest first ring, from Deka Immobilien Investment for c. EUR175 million.
The property, located on its own street block, comprises four office buildings delivering 32,600 square metres of grade A workspace, situated opposite an attractive 6-acre park/square. The buildings, which sit on a 9,000 square metres land plot, feature notably Eiffel style façades and are 80 per cent let to Amazon and Simone Perele.
L’Etoile Properties has acted as the operating partner during the acquisition process and will continue in the implementation of the asset management strategy.
Tristan Capital Partners was advised by Lacourte Raquin Tatar, Etude Oudot, Racine, Theop and Longevity. Deka Immobilien Investment was advised by C&C Notaires, LPA-CGR, Fidal, JLL and billionppre.
Source: tristancap.com on the 17th of February
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