Unibail-Rodamco, Europe's leading listed commercial property company, signed today a long-term (10 years) lease agreement with L'Oréal SA for 12 office floors of the So Ouest Plaza tower and one floor dedicated to restaurant for approximately 30,000 m². In this transaction, L'Oréal SA was advised by Mobilitis, a corporate real estate consulting firm, and by the law firm of Gide Loyrette Nouel. Unibail-Rodamco was represented by White & Case.
The So Ouest Plaza tower completes the redevelopment of the So Ouest district including the So Ouest shopping center opened in 2012 and the So Ouest tower delivered in 2013 which was 100% leased to SAP and PRA. So Ouest Plaza offers a mixed-use development project that will feature an office tower, an 8-screen cinema and a restaurant. Designed by Barthélémy & Grino Architects, it was certified HQE "Excellent" and BREEAM "Excellent". The 41,000 m² complex will be delivered in H-1 2015 and will comprise approximately 37,000 m² of offices. The lease with L'Oreal SA represents 80% of the available office space. The total investment cost for Unibail-Rodamco is expected to amount to €220 million.
Bruno Donjon de Saint Martin, Group Director of Offices for Unibail-Rodamco, says: "We are thrilled by the agreement signed with L'Oreal SA. This transaction signed before delivery of the building demonstrates the appeal of So Ouest Plaza's positioning which puts the well-being of employees at the heart of its design.