Accimmo Pierre, an SCPI managed by BNP Paribas REIM France, has acquired the buildings Palatin II and III in La Défense - a major business district on the outskirts of Paris - from Commerz Real. Both office buildings develop over 23,000 m² across 7 floors and are currently being renovated for delivery in Q3 2018.
Once the renovation works are completed, the buildings will benefit from 3,300 m² of renovated spaces with a full-range of integrated services, including new catering areas, a club, terraces and a completely refurbished foyer. Palatin II & III already have the HQE Exploitation label and aim for a BREEAM In-Use "Very Good" rating.
Fully let until 2015 by the audit firm KPMG, the property is already partially let to a French company specialized in electricity supply. The company signed a lease for 13,000 m² in April. The move-in is planned for 2018.
The asset is located in La Défense, a leading European business district with 3.6 million m² of offices, several headquarters and a shopping centre, just 500 meters from a major transport hub.
Guillaume Delattre, Managing Director of BNP Paribas REIM France, said: “Once revamped, these low-rise buildings will offer the best compromise for La Défense users thanks to its immediate proximity to a major transport hub, quality services, technical delivery and a standard available floor of over 2,200 m² at a particularly competitive price point.”
BNP Paribas REIM France was advised by the notary office Thibierge & Associés; Commerz Real was advised by Wargny Katz.
