Hines has acquired 83 Avenue Marceau, a prime office and mixed-use asset in Paris’ 8th arrondissement, from Colonial SFL. The off-market transaction on behalf of the Hines European Core Fund (HECF) reflects Hines’ continued conviction in high-quality, income-producing assets located in supply constrained gateway markets.
The nearly 10,000-square-meter (107,639-square-foot) property is fully leased to a roster of leading global occupiers, including Goldman Sachs, Sodexo and Caixa, providing a resilient income backed by long-term demand for best-in-class workspace in central Paris.
“European office markets are increasingly defined by a flight to quality, with capital and occupiers gravitating toward a smaller pool of prime assets,” said Lars Huber, head of Europe at Hines. “Our strategy is to invest selectively in buildings that combine strong fundamentals today with the flexibility to evolve over time, where thoughtful design, active management and long-term
