Barings, one of the world’s largest diversified real estate investment managers, announces that it has sold 9 Rue du Helder, an office building in Paris, on behalf of a pan-European value-add real estate investment strategy for institutional investors, to a French institutional investor.
Having acquired the c. 1,700 sq m asset in 2018 when it was vacant, Barings obtained a building permit and undertook a comprehensive refurbishment of the property, repositioning it as a unique Grade A office building with BREEAM and HQE ‘Excellent’ ratings, in line with the strong ESG focus of the value-add strategy. Whilst the works were ongoing, Barings pre-let the entirety of the space to a global fashion brand on a nine-year lease, ten months ahead of completion.
Situated in the ninth arrondissement, 9 Rue du Helder is in the heart of Paris’ CBD in the Opera sub-district and provides excellent public transport connections through its close proximity to the Opera and Saint Lazare train stations.
Source : Company