Barings has acquired a fully leased office building in the center of Paris, on behalf of a European core real estate strategy. The vendor is a French institutional investor.
The asset is a 1990s landmark office building in the central business district of Paris, in front of the city’s former stock exchange, and is the result of a full restructuring in 1992 by famous architect, Ory. It is made up of 8,275 square meters (89,071 square feet) spanning over seven upper floors and three basement levels. It offers large, functional floor plates, a rarity for the area, and includes a rooftop, terraces and a 600-square-meter (6,458-square-foot) ground-floor central patio. The asset has an EPC C rating and is connected to the urban heating network CPCU, significantly reducing carbon emissions.
Located in the French capital’s dynamic office district alongside the headquarters of a number of finance, tech, media, and luxury firms. The asset has excellent public transport conne
