Covivio sells Paris office building for €230m

Covivio divests Paris office building for €230m

French eal estate investment company Covivio has agreed to sell the Anjou office building located in Paris 8th arrondissement for €230m.

The disposal of this 9,328 m² building, fully pre-let to a French company operating in the luxury industry, is the culmination of the asset management work carried out since the building was purchased in 2006.

As part of the sale, the group has signed a real estate development contract, thereby demonstrating the quality of the development operations carried out by Covivio’s teams.

Located in the heart of the French capital’s Central Business District (CBD), this building acquired by Covivio in 2006 was occupied by Orange and La Poste until the last quarter of 2021. Once it became vacant, Covivio opted to completely refurbish and reinvent the 1930s building in line with contemporary needs and uses. The delivery is scheduled for 2025.

Conceived according to Covivio’s design and service standards, the building will offer 1,000 m² to 1,500 m² of office spaces, an innovative range of top quality services (catering, work café, multi-purpose room, fitness area), as well as extensive outdoor spaces with terraces and rooftops. In terms of CSR performance, “Anjou” aims to obtain HQE Sustainable Building “Excellent”, BREEAM “Excellent”, R2S and BBCA Rénovation certification.

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