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This transaction is fully in line with the Terrot Group's investment strategy, favouring central locations with high valuation potential.
Located in the Sainte-Marguerite district, in the heart of the 11th arrondissement, the building benefits from a particularly sought-after location. Adjoining the lively main roads of the Faubourg Saint-Antoine and the rue de Charonne, the sector combines a village atmosphere, urban dynamism and strong cultural vitality.
Bordered by old buildings and rehabilitated workshops, the rue de la Forge Royale, mainly residential, is part of a qualitative environment and is one of the most sought-after areas.
The site has been granted a building permit authorising the implementation of a mixed-use programme of approximately 1,500 m², including:
This project aims to respond to new urban uses, by promoting functional diversity.
The Terrot Group plans to start the implementation of the program as soon as possible, with off-plan marketing, in batches.
Through this new acquisition, the Terrot Group confirms its desire to actively contribute to the qualitative transformation of the Parisian urban fabric, by developing ambitious, responsible projects adapted to the needs of local residents and economic players.
The acquisition was carried out with the support of David Pitoun (Ollyns Law Firm).
"This acquisition once again consolidates our foothold in the heart of Paris and illustrates our ambition to develop mixed operations. Our objective remains to create projects that are in demand, useful to the district, by sustainably upgrading the existing ones." says Samuel GELRUBIN, Chairman of the Management Board of the Terrot Group
