Generali Real Estate buys prime office building in Paris

Generali Real Estate buys prime office building in Paris

Real estate asset manager Generali Real Estate has bought a prime office building, Bords de Seine 2, in Paris, on behalf of Generali Europe Income Holding (GEIH) and GF Pierre, two panEuropean funds managed by Generali Real Estate SGR. The purchase price was not disclosed.

The seller is BNP Paribas REIM for the fund BNP Paribas Diversipierre.

Bords de Seine 2 is a 19,720 m² prime office building located in Issy les Moulineaux, in the immediate southwestern suburban area of Paris, lying on the left bank of the river Seine.

Built in 2003 and renovated in 2014 with high quality standards and an HQE exploitation label, the building is conveniently located in the business district of Issy les Moulineaux and well connected by public transport with the rest of the Paris Region, even more with the future Grand Paris station “Issy RER”.

The office complex is entirely leased to two major French financial institutions.

Generali Real Estate is among the main European players in the office sector, with more than 900
office properties across Europe.