BNP Paribas REIM has acquired the “Le Carat 1” building from a fund managed by J.P. Morgan Asset Management, as part of a share deal. Totalling 18,630m², the two buildings in the complex provide an exceptional location in the heart of the Chatillon-Montrouge office district. Overlooking the line 6 tramway stop, the asset is also just a few metres from the metro line 13 and the future line 15, expected to come into service in 2024 as part of the Grand Paris Express. The building has been recently refurbished and holds BREAM certification. The property is 92% leased with AXA Assistance occupying about half of the units.
“With this investment, BNP Paribas REIM strengthens its strategic position in the Southern River Bend district. Already a landlord through our funds of Carat 2, adjacent to Carat 1, and of the Le Vaillant building just opposite, we now offer a total of over 35,000m² with an asset management strategy allowing for a pooled services offering,” commented Guillaume Delattre, Deputy General Manager of BNP Paribas REIM France.