Tishman Speyer and PSP Investments sell Paris office building

Tishman Speyer and the Public Sector Pension Investment Board (PSP Investments), has sold Tour Pacific to Société Générale Insurance for an undisclosed amount.

PSP Investments and Tishman Speyer acquired the 53,000-square-meter (570,000-square-foot) office building, located in Paris’ La Défense business district, in 2013. Following an extensive renovation and refurbishment program that transformed this 20-year-old office tower into a modern and efficient building, they have successfully leased approximately 50,000 square meters to more than 30 tenants, including CA Technologies, McAfee, Whirlpool, Manhattan Associates, RSA, NTT and Accenture.

Tour Pacific’s tenants benefit from an iconic and modern design, direct access to natural light and a rooftop garden, in addition to new amenities such as a lounge, conference center and fitness space. The building is also well connected to major transport hubs, making it easily accessible by bus, metro, train and tram. T