Tishman Speyer has purchased 54 Rue de Londres, a six-story, 4,622-square-meter (49,751-square-foot) prime office property in Paris’s dynamic Center West submarket.
The transaction was completed on behalf of a newly established separately managed account (SMA) with a German institutional investor. The initial vehicle will have €500 of buying power with leverage and has the capacity to expand over time. The strategy will focus predominantly on core-plus and value-added office investments across key European cities outside Germany over the next three years.
Fully refurbished in 2018 by architect Axel Schoenert, 54 Rue de Londres combines modern, flexible office space with landscaped courtyards, a striking open-air staircase and multiple terraces, including some with much sought-after Eiffel Tower views. The building is fully leased to International Workplace Group (IWG) under its Spaces brand.
At the gateway to Paris’s central business district, 54 rue de Lo
