Background and Opportunity
- Acquisition of a vacant Art Deco landmark mixed-use asset on the Champs-Elysées and in the Triangle d’Or, a new joint venture with a leading private equity firm. The transaction is a once in a decade value add opportunity in Paris’ prime retail, office and hospitality market
- Business plan involves an extensive capex programme to reposition the asset to ultra prime. Lease up to coveted retail and office tenants in line with prime Paris CBD rents
- The redevelopment will incorporate leading environmental performance features and is targeting top sustainability certifications, including HQE, BREEAM and BBCA
Current Status
- Acquisition completion in Q1 2026
- Administrative part of the transaction de risked by obtaining valid and definitive building permit and an amendment to the planning consent
