CBRE Global Investors has successfully completed the acquisition of the iconic Marché Saint Honoré building in Paris, France, on behalf of one of its funds. The property, located in the heart of Paris, comprises c. 15,000 m² of office space and c. 1,800 m² of retail space. The building is mainly occupied by BNP Paribas Bank who will remain in the premises over the next few years.
Gautier Beurnier, Head of Transactions France, CBRE Global Investors said: “The fantastic location and uniqueness of the building allows our fund to pursue a long-term strategy with a core tenant in a core location. There is also considerable potential to upgrade the building in order to meet demand from new tenants for large modern office and retail space in the heart of Paris.”
John Mulqueen, Head of transactions EMEA, CBRE Global Investors said: “This acquisition fits perfectly within our strategy to invest in the most attractive European cities with strong long-term economic fundamentals. Paris is one of our key target markets and we are delighted to have secured this exceptional asset on behalf of our client.”
CBRE Global Investors was advised by Linklaters, l’Etude Lasaygues, Reed Smith, PwC, Property S², Ramboll Environ and Knight Frank. The purchase price has not been disclosed.
