Transactions - SEPTEMBER 30, 2020

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Meyer Bergman sells Paris redevelopment to DWS and La Française REM

by Released

Meyer Bergman, together with local development and investment partners Assembly and Stepling, have sold the former Paris headquarters of an American web services firm to asset managers DWS and La Française REM. A sales price was not disclosed.

The disposal comes after Meyer Bergman and Assembly secured planning permission to add another 1,750 square meters (18,837 square feet) of building space to the asset, which is located on rue Héliopolis in the 17th arrondissement, on the outskirts of Paris’s central business district.

Meyer Bergman and Assembly are together repurposing the office building to deliver a new genuinely mixed-use “work-live” development.

The six-story building, which was built in two phases in 1955 and 1989, will soon host a new 1,000 square-meter (11,000 square-foot). residential element, which has been successfully pre-leased to European co-living pioneer Colonies. The 8,060 square-meter (86,757 square-foot) office component has been

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