Paris has one of the most dynamic office property real estate market. In this article, we are introducing you to three major office investments of French real estate investors in Paris.
1. Perial, €47M, Visio Défense
Perial Asset Management announced in July 2022 a major transaction in Paris’ La Défense district on behalf of the SCPI PF Grand Paris. The asset has 5,068 sqm of office space and is currently rented by coworking firm WeWork. Thereby, Perial proves its role as major investor in Paris La Defense.
2.. Generali, €112M, Wendel Headquarters
One major transaction in Paris’ real estate investment industry was announced in June 2022. Theadquarter of holding and investment firm Wendel SE in 89 rue Taitbout was sold to Generali Vie for €112M. The 4,400sqm building is valued with over €25,000 / qm. Thereby, Generali won the bid against RedTree Capital and Dassault. Generali plans further list
3. M&G, €271M, RIO office
M&G Real Estate announced a major deal in May 2022: it acquires the RIO office from private equity real estate investor Adrian for €271M. The building has 8,676 sql of space and is a landmark property in Paris. The object was acquired for the European property fund, which manages multiple billions of euros. Adrian acquired the Parisian office building in 2018 and refurbished it.
Picture source: StefanK, 05.07.2022
The introduced investors are part of our real estate investor list. The list includes institutional investors, investment managers, project developers, real estate companies, REITs and pension funds that actively acquire real estate in France.