CB Richard Ellis Investors sells Copernic II (FR)

CB Richard Ellis Investors has announced the sale of Copernic II to the real estate investment company OPERA RENDEMENT, a SCPI managed by BNP Paribas Real Estate Investment Management (REIM)* with Cardif Assurance Vie (subsidiary of BNP Paribas Assurance) as main shareholder. Copernic II was held by CB Richard Ellis Strategic Partners Europe Fund III, a pan-European investment fund managed by CBRE Investors.

Copernic II_new

Copernic II is currently 85% let.

The office complex, designed by SCAU Macary Delamain and built by Les Nouveaux Constructeurs, was inaugurated last June. It comprises two independent buildings with a total of 30,300 m². Copernic II received the HQE environmental certification and is qualified as a 'Very High Energy Efficiency' building (THPE). The complex is located on Boulevard du Mont d'Est in Noisy-le-Grand (Marne-la-Vallée), in the heart of the first business district of the Eastern Parisian area.

Copernic II is currently 85% let. Its tenants – Pôle emploi, Lavazza, Assistance Protection Juridique (GMF group), Carestream Health France and Nestlé – benefit from 5-Star Services™, the services program developed by CBRE Investors.

Christine Sonnier, Directeur Général of CBRE Investors in Continental Europe, stated: "Copernic II is a highly performing office complex, in terms of both environmental features and wide array of services available to tenants. This operation is a perfect example of our strategy for value creation."

In this transaction, the seller was advised by Jean Reberat (Notary) and CBRE and the buyer was represented by Eliane Frémeaux (Notary).

* Portfolio management company authorized by the Autorité des marchés financiers (AMF, French Financial Market Authority)

Source: Citigate Dewe Rogerson

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