Covivio sells Paris office building for €230m
French real estate investment company Covivio has agreed to sell the Anjou office building located in the 8th arrondissement of Paris for €230 million ($244 million).
The 9,328-square-meter (100,406-square-foot) building is fully pre-let to Hermès, a French company operating in the luxury industry.
Located in the heart of the French capital’s CBD, the building, acquired by Covivio in 2006, was occupied by Orange and La Poste until the last quarter of 2021. Once it became vacant, Covivio opted to completely refurbish and reinvent the 1930s building in line with contemporary needs and uses. The delivery is scheduled for 2025.