Deka Immobilien has acquired a historic "Haussmann office building" in Paris for around EUR 100 million for the open-ended real estate fund Deka-ImmobilienEuropa. The seller is an institutional investor.
The high-quality office building at 10 Avenue Hoche offers around 4,500 sqm of lettable space and 37 parking spaces. It is leased on a long-term basis and in full to the international law firm Mayer1/2Brown, which has around 1,900 employees worldwide. The property was built as part of the new urban design under Haussmann in the 19th century and extensively renovated in 2017. With flexible floor plans, various outdoor areas, wellness, dining and lounge areas, it offers a high level of comfort for users.
The building is located in the heart of the 8th arrondissement in Paris' Central Business District, close to the Arc de Triomphe and the Champs-Élysées. This makes it one of the most prestigious addresses in the French capital. The property has been certified "Excellent" with both the British BREEAM seal of approval for sustainable construction and the French HQE rating for high environmental quality.
With this acquisition, the fund management of Deka-ImmobilienEuropa secures a modern office property with a high ESG standard and a long-term lease in a prime Parisian business location
