BNP Paribas REIM acquires an office building in Clichy

BNP Paribas REIM has acquired an office building in Clichy-La-Garenne, France, on behalf of Next Estate Income Fund III (NEIF III), which is managed by BNP Paribas REIM Luxembourg.

The building is next to the ring road, in the mixed development zone of ZAC Entrée de Ville de Clichy. It boasts excellent visibility and natural light, thanks to its largely glazed facades, which offer unobstructed views to landmark Paris monuments. Its strategic location, right next to the new line 14 (Clichy – Saint Ouen station) connects it to the main Parisian hubs.

The building was completed at the end of 2018 and has 9,600 square meters (103,333 square feet) of floor space within a superstructure of 12 floors and 62 parking places in its infrastructure. It is part of a property cluster totaling 17,000 square meters (183,000 square feet), which also features a hotel operated by an international hotel group.

Laurent Boissin, fund adviser of NEIF III, said, “The fund contin