ILOT PANHARD

75013 Paris

ILOT PANHARD

75013 Paris



     
ASSET DESCRIPTION

• 22,000 sqm office building acquired from Primonial in 2018
• The assets is located in the 13th arrondissement of Paris, right on the metro Porte d'Ivry
• It is let to AREP and Gare & Connexions, subsidiaries of SNCF (French railway) until 2026

CONTEXT
• Acquisition by Blackstone in 2018
• The asset is an architectural landmark with its industrial feel and large open floor plans
• Location benefits from the momentum created by Station F (French Incubator) and Tour Duo (Natixis HQ)
• This was the First deal in France for BPPE, Blackstone's Core Plus fund

NORMANDIE'S ROLE
• Asset Underwriting
• Asset and Property Management on behalf of Blackstone