Mercure was acquired in June 2019 as part of a portfolio of 3 assets. Mercure 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.
Mercure is 94% leased to 3 blue chip companies at level of rent below market allowing for potential future reversion.
A capex program is ongoing on the lobby and the M&E to upgrade the overall quality of the asset.