BNP Paribas REIM has acquired an office building on 8 rue Kleber in Paris 16th arrondissement, on behalf of a Spanish institutional investor. The property is located in the heart of prime Paris CBD, only 100m away from Place de l’Etoile. The property is a classic Haussmann building offering ca. 1,750m² of lettable office space on 6 floors plus underground parking. The asset is let to multiple office and retail tenants. The purchase price was not disclosed.
Xavier Mouette, Head of Key Client Group of BNP Paribas REIM, commented: “We are happy to announce another success of our Separate Account business, here with a major Spanish insurance company with whom we intend to build a broader European real estate portfolio. After having also recently contributed to the acquisition of the 16 rue de Washington in Paris, we are currently working on other transactions on behalf of international investors. This is in line with our plan to substantially grow this activity in the coming years.”