Barings has acquired 35 Avenue de Suffren, a fully-let Haussmannian residential block in the heart of Paris’ prestigious 7ᵉ arrondissement, on behalf of a European core real estate strategy.
The 2,230-square-meter (24,003-square-foot) property comprises 18 apartments and two retail units. Recent capital expenditure, including façade, roof, and a connection to the urban heating network, has ensured the building is maintained to an excellent standard. The property’s classic architecture, balconies, private garden, and concierge lodge further enhance its appeal.
Located in one of Paris’ most desirable neighborhoods, the property has immediate access to the Eiffel Tower and Champ de Mars. The district is known for its historic architecture, diplomatic institutions, cultural attractions, and proximity to the city’s iconic landmarks.
The district’s vacancy rate is 2.3 percent, with new construction permits down 38 percent over three years, highlighting su
