Europa Capital’s value-add fund and DeA Capital Real Estate France acquire retrofit office opportunity in Paris

Europa Capital has acquired, in partnership with DeA Capital Real Estate France, a landmark post-war, 3,200 square-meter (34,445-square-foot) office building in Paris, from S2FIT1, the office and industrial property manager of the SNCF group. The acquisition has been completed on behalf of Europa Capital’s latest value-add fund, Europa Fund VI.

The vacant property, which was constructed in the early 1950s and benefits from an abundance of natural light, will be comprehensively refurbished, maximizing the reuse of existing materials within the building, to improve its environmental credentials and create a working environment which meets the requirements of today’s modern occupiers.

Outwardly, the building will retain its original character with a restored facade, while the planned program of internal works will include improved wall insulation, an energy efficient heating, ventilation and air conditioning system, and the provision of upgraded occupier services to c