Tristan Fund acquires Northwest Paris office campus for €175m

CCP 5 L.L, a fund managed by Tristan Capital Partners, has acquired the iconic Ateliers du Parc office campus located in the city center of Clichy, in Paris’ Northwest first ring, from Deka Immobilien Investment for €175 million ($199 million).

The property, located on its own street block, comprises four office buildings delivering 32,600 square meters (350,903 square feet) of class A workspace, situated opposite an attractive six-acre park/square. The buildings, which sit on a 9,000-square-meter (96,875-square-foot) land plot, feature notably Eiffel-style façades and are 80 percent let to Amazon and Simone Perele.

“Les Ateliers du Parc further strengthens our portfolio in Paris, delivering high-quality, amenitized office space in an urban location which benefits from significant outside space and strong transport connections,” said Thibault Ancely, managing director – investments at Tristan Capital Partners. “Through our active asset management, we will