Benson Elliot and GCI launch office redevelopment in Paris

Paris office market

London-based Benson Elliot and Générale Continentale Investissements (GCI) announced the start of the office redevelopment project in the heart of La Défense in Paris.

Latitude will provide 22,300 sqm of Grade A office space over eight floors and will offer occupiers a modern working environment. Its expansive floorplates – a rarity in a La Défense market dominated by tower blocks – will feature landscaped break-out areas, as well as state-of-the-art amenities for both tenant and public use. Latitude is scheduled to complete in Q2 2020.

Rémi Monglon, Principal and Head of France at Benson Elliot, commented: “After two years of hard work, alongside first class architects and developers, we are pleased to introduce Latitude. The property has a unique design, and upon completion will deliver efficient, top quality office space, with the highest environmental credentials, into a sub-market seeing limited new supply.”

“We are truly excited about this project and are confident that Latitude will make a significant contribution to the new, vibrant face of La Défense. We are offering our users highly flexible and new ways of working. Our aim is to expand what is possible within a working environment and enhance what this world-class business district has to offer.” said GCI Managing Director Sharon Raingold. “In an area where towers dominate the skyline, we believe the large, lateral floorplates of Latitude will encourage a less hierarchical and more forward-thinking business model, where innovation and collaboration can be celebrated,” Sharon continued.

Europe’s largest business district

La Défense is Europe’s largest business district and is home to over 500 companies, including multinationals and Fortune 500s. Following recent infrastructure investment, accessibility to public transport has significantly improved, with Latitude now linking directly to the CNIT and the main hub of La Défense.

Latitude will be built to the highest environmental standards and is set to receive CSR credentials including HQE ‘Exceptionnel’, BREEAM ‘Excellent’, Effinergie+, Well Core and Shell ‘ready’, Wiredscore Platinum.

Bouygues Bȃtiment Ile-de-France – Rénovation Privée has been engaged as general contractor and financing was secured from BNP Paribas and SCOR.

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