A co-investment vehicle established in 2018 by MAPFRE and Swiss Life Asset Managers France has added a new building to its portfolio.
The 7,200-square-meter (185,139-square-foot) property, located at 73 Boulevard Haussmann in Paris, consists mainly of offices with retail units at ground level and is leased almost entirely to 16 high-quality tenants.
Managed by Swiss Life Asset Managers France, the co-investment vehicle was set up to invest in prime offices in Paris. The companies said this last acquisition pushes the vehicle to its €500 million ($546 million) milestone.
MAPFRE, a global insurance company and the largest Spanish multinational insurance group in the world, aims to build a portfolio of buildings holding sustainability certification. By 2030, this will represent at least 50 percent of the total floor space of office buildings the company owns that have more than 3,000 square meters (32,291 square feet) of space at ground level and above. MAPFRE is
