CBRE Investment Management (CBRE IM), on behalf of a separate account client, has acquired an office building in Paris from co-owners NOE REIM and Allianz Immovalor, on behalf of SCPI Allianz Pierre.
The asset is located at 2-4 Rue Louis David in the heart of Paris' 16th arrondissement offering excellent connectivity and proximity to the Trocadero. Originally built in 1957 and renovated in 2000, it features a seven-story layout, an internal courtyard, and multiple terraces, spanning a total area of approximately 5,800 square meters (62,431 square feet).
“We continue to target high-quality office assets in the key European cities and believe in the potential of this asset,” said Thibault Nicolle-Malpas, transactions director France at CBRE IM. “Situated in one of Paris’ most supply-constrained sub-markets and offering a rare combination of an excellent layout, generous external spaces and an ideal lot size, in our view, it will deliver long-term value for our cl
