Paradis is a 6,125sqm office and retail building that offers a unique working environment and accomodates high quality tenants that evolve in various industries, such as design or sustainable development.
Located in front of Cité Paradis, in the heart of the vibrant 10th district of Paris, Paradis offers great architectural values, such as cut stone façades, high ceilings, atypical common spaces under a glass roof and a large courtyard.
Paradis was acquired with an occupancy rate of 93%. The vacancy was filled within the first few months following acquisition and the building is currently fully let with an occupancy rate standing at 100%. Paradis benefits from a stable and diverse rental income from 9 tenants.
Part of the office space is currently rented below market and the strategy is to implement a refurbishment programme in order to secure rental reversion.