Unibail-Rodamco and SAP signed today a long-term lease agreement for 17 floors on the So Ouest tower. The tenant took up 27,900 m² representing more than 90% of the gross lettable area of the building.
The asset is part of the urban redevelopment of the So Ouest district. This redevelopment also includes the So Ouest shopping center inaugurated in October 2012 and the So Ouest Plaza mixed-use development project that will feature an office tower and a cinema to be delivered in H1-2015.
The move of a blue chip company such as SAP to the So Ouest tower strengthens the success of this operation.
The tenant will start fit out works in Q1-2014 and is expected to enter the premises by mid-2014.
Jones Lang LaSalle was the real estate advisor of the transaction. Freshfields Bruckhaus Deringer and Fairway acted as legal counsel for Unibail-Rodamco and SAP, respectively.