Maille Nord IV was acquired in June 2019 as part of a portfolio of 3 assets. Maille Nord IV is an office building located in the Mont d’Est business district of Noisy-le-Grand. The building is located in the heart of an office and retail district and connected to the tube line RER A and the A4 motorway. The sector is undergoing an urban regeneration program to reinforce its attractiveness. Accessibility will be strengthened by the future opening one tube stop away of three new tube lines of the Grand Paris Express.
Maille Nord IV was 57% leased to 2 tenants at acquisition. A capex program on the vacant space, the communal areas and the M&E has been implemented to upgrade the overall quality of the asset for the letting. An active and innovative marketing campaign has allowed to lease up the entire vacancy within 12 months from acquisition with 6 new leases signed and to re-gear the lease of the main tenant Orange.