CBRE Investment Management buys Paris office building for Cicerone Fund

CBRE Investment Management (advisor) and the international acquisition platform of the Cicerone Fund (Cicerone RE Holding BV), managed by Fabrica SGR, have completed the acquisition of an office building located at 33 rue d’Artois, in Paris. The sellers were Atland and PGGM.

Built in 1923 and benefiting from a prime location in the heart of Paris’ CBD, this former private mansion has been comprehensively redeveloped to the highest technical and environmental standards, while preserving and enhancing its historical features. Comprising seven floors above ground, the asset benefits from views on two sides and a private garden. It is fully leased to a leading French organization and is ranked BREEAM Very Good, HQE Excellent and Wiredscore Gold.

“We are delighted to have completed the acquisition of this prime building in a submarket of Paris where quality office buildings to rent remain in short supply. We are confident that it will deliver the stable and resilient