DIFA Deutsche Immobilien Fonds AG, Hamburg, anounced the Paris acquisition of the ÃÂ´City Quartier TrocadÃÂ©roÃÂ´ at the international property market MIPIM at Cannes, France. At the presentation of the ÃÂ´TrocadÃÂ©roÃÂ´ miniature, Dr. Reinhard Kutscher, member of the DIFA-board, emphasized that the 40,000 sqm aqcuisition of the ÃÂ´City QuartierÃÂ´ is a continuation of DIFAÃ¢â¬â¢s investment policy focussing on the acquisition and development of top-quality urban property ensembles.
ÃÂ´TrocadÃÂ©roÃÂ´ is the first ÃÂ´City QuartierÃÂ´ in DIFAÃ¢â¬â¢s property portfolio outside Germany. In Germany, DIFA, member of the Union Investment Group, manages four ÃÂ´City QuartiersÃÂ´ , whose mix of uses contributes to the prestige and livelyness of urban districts.
'TrocadÃÂ©ro extends the Paris-portfolio of DIFA-Fonds Nr. 1 by a prestigious business center at a unique siteÃ¢â¬Â, says Dr. Kutscher at the MIPIM. 'For several years, DIFA has been aiming to acquire this very property which belongs to the four or five most attrac-tive properties in Paris and promises a high increase in value.Ã¢â¬Â
The TrocadÃÂ©ro quartier is situated in the mondaine 16th arrondis-sement nearby the main tourist attractions Place du TrocadÃÂ©ro and Palais de Chaillot. Behind the historic facades the new DIFA-acquisition combines offices, shopping, living and leisure facilities . 'This is why TrocadÃÂ©ro meets all criteria for organized urban premises , which offer its users a great deal of mixed uses and possibilities of representationÃ¢â¬Â, so Dr. Kutscher.
The triangular ensemble TrocadÃÂ©ro supplies more than 28,000 sqm of modern, high quality office spaces . Those are completely let to most renowned tenants such as the international solicitorÃ¢â¬â¢s agency Clifford Chance as well as the investment bank Merrill Lynch. Above that, DIFAÃ¢â¬â¢s new acquisition houses 11 shop areas and around 50 first-class apartments. Another 3,000 sqm of space Ã¢â¬" including auditorium, fitness studio, restaurant , conferencing and a large public space -Ã¢â¬" make TrocadÃÂ©ro turn into a vital ÃÂ´City QuartierÃÂ´ right in the centre of the Seine metropoly.
DIFA has acquired ÃÂ´TrocadÃÂ©roÃÂ´ from SociÃÂ©tÃÂ© GÃÂ©nÃÂ©rale, Paris, who built the original buildings in 1910 and owned them since then. The total investment of DIFA exceeds 300 million euros.