Barings sells office building in Paris 

Barings has sold 9 Rue du Helder, an office building in Paris, on behalf of a pan-European value-add real estate investment strategy for institutional investors, to a French institutional investor. The financial terms were not disclosed. 

Having acquired the 1,700-square-meter (18,299-square-foot) asset in 2018 when it was vacant, Barings obtained a building permit and undertook a comprehensive refurbishment of the property, repositioning it as a unique grade A office building with BREEAM and HQE “Excellent” ratings, in line with the strong ESG focus of the value-add strategy. While the works were ongoing, Barings pre-let the entirety of the space to a global fashion brand on a nine-year lease, 10 months ahead of completion. 

Situated in the ninth arrondissement, 9 Rue du Helder is in the heart of Paris’ CBD in the O