Schroders Capital adds Paris office to portfolio

Schroders Capital has acquired an office in Paris, on behalf of one of the firm’s real estate core and core-plus pan-European investment funds.

The two buildings comprise 2,615 square meters (28,148 square feet) of space, spanning eight floors and 22 underground-parking spaces.

The buildings, located between Porte Maillot and the Arc of Triumph, feature nine terraces —some with panoramic views — and two open-air gardens. Schroders said it will undertake a targeted-investment program focused on shared and external areas, as well as some technical elements in private areas.

“The acquisition of this building meets our investment thesis for office assets,” said Laurent Dubos, head of real estate France at Schroders Capital. “These are investments which can cater to the changing demands from occupiers in terms of service levels, sustainability, and flexibility of space use. Once we have completed our repositioning work, we plan to operate the office space