Rockspring Property Investment Managers (“Rockspring”) and its joint venture partner, Générale Continentale Investissements (“GCI”), announce the sale of Eden Monceau, a prime central Paris office complex, to REAL I.S. (club deal for a German insurance company). The sale follows the recent letting of the entire 6400 m² building to Shearman & Sterling LLP, the international law firm, for its Paris headquarters, on a 9 year lease.
Located at 5-7-9 rue Jacques Bingen, in the 17th district of Paris, the asset is close to the CBD and benefits from excellent transport links. Eden Monceau was acquired by Rockspring and GCI in January 2013 and has since undergone an extensive renovation. Completed earlier this year, the refurbished complex provides 6400 m² of Grade A office accommodation and more than 1000 m² of terraces and outside garden space. Eden Monceau offers large and flexible floor plates organised around a central patio and has achieved the latest HQE, BBC and BREEAM certifications. The renovation of the asset was designed by Hardel & Le Bihan architects.
Source: Rockspring Property Investment Managers LLP
