Colonial has finalised the purchase of the Amundi's headquarters in Paris for €485m. The building is located at 91-93 Boulevard Pasteur in Montparnasse station and comprises almost 40,000m². It is the seventh-largest office building in Paris. This purchase will have an immediate positive impact on the company's income with a yield of 3.9%.
The asset, which was previously owned by the insurer Primonial REIM France, has been occupied since 2012 by Amundi, Europe’s leading asset management company, with a mandatory 12-year lease from February 1, 2022. The property has been completely renovated and has 17 floors that offer a horizontal layout of 2,100m², efficient distribution, and has high energy certifications. 91-93 Boulevard Pasteur is placed in the heart of the 15eme Arrondissement of Paris, near the Montparnasse station, one of Paris’ main rail hubs.
The transaction responds to Colonial's investment strategy, which consists of long-term investment in prime office buildings located in the CBD areas of the cities of Madrid, Barcelona and Paris. According to Pere Vinolas, CEO of Colonial and president of SFL, "this acquisition is a unique opportunity to secure a strategic position in Paris, specifically near one of the main train stations in France, which is a key area in the city."
