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
