Generali Real Estate vende a Parigi Montreuil l’ office building “Terra Nova V”, 19.200 mq. L’ acquirente è la francese Hemisphere, insieme ad un altro investitore internazionale

The building is located in Montreuil (93), in the southern office sub-market of the city, walking distance from Vincennes (94) public transports. The immediate environment has gone through an important regeneration over the past 15 years, both as a sought after office sub-market and as an attractive gentrified living area.

Terra Nova V consists of 19,200 sqm office building split into two separate buildings. The larger one is single let to BNP Paribas, with office floor plates ranging from 2,100 sqm to 2,800 sqm (12,900 sqm in total). The smaller one hosts CPAM (public health insurance) on 6,300 sqm. The ensemble was delivered in 2010 and features high-quality services including a double height lobby, a staff restaurant, and large outdoor spaces. The ensemble benefits from several green labels including HQE Excellent and BREEAM Very Good.

Terra Nova V has a defensive rental profile with grade A occupiers and a potential for reversion.

Source : Hemisphere