Primonial REIM buys Paris office building from AXA IM Alts

Primonial REIM buys Paris office building from AXA IM Alts

Primonial REIM France has acquired the Bloom office building, located in the 12th arrondissement of Paris at 61-69 rue de Bercy, from AXA IM Alts.

This transaction was carried out on behalf of funds managed by Primonial REIM France.

The asset comprises almost 15,000 square meters of office space and two retail units at the foot of the building. Having been entirely restructured and delivered in 2021, Bloom has international environmental certifications: HQE Excellent (September 2021), BREEAM Excellent (November 2021) and WiredScore Gold (February 2020).

The building has particularly efficient office floors, offering tenants optimal flexibility in terms of layout and first-day working space throughout. This property also benefits from modern and contemporary architecture, a garden roof and rooftop space, climatic greenhouses on each floor and terraces with breathtaking views across Paris and its nearby neighborhoods.

All of the office space is currently leased to four tenants as part of long-term leases. Grégory Frapet, Chairman of the Management Board of Primonial REIM France, stated: “In an office transaction market in search of new bearings, we remain alert and attentive to investment opportunities. We are following a very selective strategy in order to acquire sustainable and central office buildings, such as Bloom, which show a strong environmental dimension, modular work spaces and a range of services designed to enhance the comfort and well-being of users, while at the same time contributing to the overall performance for our funds’ investors.”