Grosvenor Europe acquires Paris office asset

Grosvenor Europe, a subsidiary of the Grosvenor Group, has acquired its first office asset in Paris for an undisclosed amount.

The acquisition is part of the company’s new investment strategy in Paris.

The company will look to rehabilitate the eight-level, 1,800-square-meter (19,375-square-foot) office building with high design and environmental standards, including BREEAM high-level energy performance certification, electric car charging stations, and upgrades to communal outdoor terraces, a rooftop garden, and other areas.

The building, located in Levallois-Perret (Hauts-de-Seine) in the northwest of the capital, is near the Anatole France Metro station, less than 15 minutes from Gare Saint Lazare in central Paris.

"This acquisition is the first step in solidifying our new strategy which focuses on investing in and improving office assets,” said Steve Cowen, managing director of investments and development. “The Paris office sector is one of the m