The Greenelle office building was acquired from Klépierre in May 2014. The single occupier of the building (Hachette) had a lease expiry 18 months post acquisition.

The asset benefited from having a prime location in Paris on the edge of the CBD.

The 14,000 sqm office building, obsolete after the departure of its tenant, underwent a full retrofit and was largely pre-let to Imerys before the works were completed. It was sold to a French institutional investor (Amundi Immobilier) in December 2016.

Risk profile
Value Added

Date of acquisition
May 2014

Total area
14,000 sqm

Asset type
Office

Tenant
Imerys

Certifications
HQE, BREEAM, BBC

Plan de localisation
Point de localisation