The Millenaire 1 office building has been acquired in April 2021.
The building is located in Paris 19th district, nearby the Rosa Parks regeneration areas and adjacent ot the new Chanel hub. It benefits from a tertiary direct environment. The asset is close to many transportation hubs, including metro line 12 and line 7, RER E suburban train and the T3 tram.
Millenaire 1 consists of 29,000 sqm office building with large functional floorplates of 5,000 sqm and high-quality services including a double height ground floor, two staff restaurants, a fitness room and large outdoor terraces. The building has been fully retrofitted in 2018 and benefits from numerous green labels including HQE Excellent and BREEAM Very Good.
Millenaire 1 has a defensive rental profile with a grade A occupier (BNP) on the majority of the space, and benefits from a defensive rental level providing potential for reversion.