The Picasso office building was acquired from Freo and RevCap in June 2018.
At the heart of the Champs-Pierreux office district in Nanterre, Picasso is adjacent to La Défense and located in an office market predominantly occupied by blue chip companies. Picasso is close to the RER A public transport station of Nanterre Préfecture and will benefit from the arrival of the new metro line 15 as well as the extension of the T1 Tram.
Picasso is a 40,000 sqm office building offering large functional floorplates of 4,000 sqm and high-quality services including a double height entrance hall, large green areas including a vast courtyard accessible from the staff restaurant, a fitness room and an auditorium.
Picasso offers a secured rental profile with a grade A tenant (EDF) and has a very defensive rent level providing a future potential for reversion.