Aviva Investors buys office building in Saint-Ouen from Nexity

Aviva Investors buys office building in Saint-Ouen from Nexity
Reiwa building perspective © L'Autre Image Production / BRENAC & GONZALEZ & ASSOCIES

Aviva Investors has acquired the Reiwa office building at 67 rue Arago in Saint-Ouen, as part of the a Vefa on behalf of a joint venture of several of its constituents. 

The seller and developer Nexity will set up its new head office there under a long-term lease upon delivery of the building scheduled for the 4th quarter of 2023.

Aviva said Reiwa is an exceptional office building which will develop approximately 25,000 m² spread over 8 high office floors on a base made up of two levels which will offer numerous service spaces, including 4 catering areas.

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The asset will also include nearly 4,000 m² of outdoor space, terraces, gardens, balconies as well as an accessible roof top incorporating an auditorium offering a panoramic view of Paris. The building will aim for BREEAM Excellent, E + C-, BBC Effinergie, HQE Excellent and Wiredscore certifications.

The office building is located in the heart of the rapidly changing tertiary district Victor Hugo in Saint-Ouen, at the foot of the RER C and recently of line 14.

“REIWA will become a benchmark asset, perfectly meeting new user needs, at the heart of a rapidly changing office market thanks to the arrival of line 14. We are also delighted to have entered into a long-term partnership with Nexity through this acquisition,” said Grégoire Bailly-Salins, Director of Real Estate Investments for Continental Europe, Aviva Investors.

“We are proud of the realization today of the REIWA office building project. In a context of major changes in the world of work, we are convinced that the company will remain a strong place for living together and we wish for our employees a space reflecting the ambitions of Nexity in terms of environmental excellence, integration outdoor spaces and vegetation, and complete modularity of spaces and uses,” commented Véronique Bédague, Deputy CEO of Nexity.

Aviva Investors was advised by the Thibierge firm, the GIDE and De Pardieu Brocas Maffei firms, Société Générale CIB and Orfeo Développement. Nexity was advised by the Cheuvreux firm and Nexity Conseil et Transaction.