The Terra Nova V office building has been acquired in October 2021.
The building is located in Montreuil (93), in the southern office sub-market of the city, 6/8 minutes away (walking distance) from Vincennes (94) public transports: Metro 1 – Bérault – and RER A – Vincennes -The Building is also 6/8 minutes away from Métro 9 -Robespierre-. The immediate environment has gone through an important regeneration over the past 15 years, both as a sought after office sub-market and as an attractive gentrified living area.
Terra Nova V consists of 19,200 sqm office building split into two separate buildings. The larger one is single let to BNP Paribas, with office floor plates ranging from 2,100 sqm to 2,800 sqm (12,900 sqm in total). The smaller one hosts CPAM (public health insurance) on 6,300 sqm. The ensemble was delivered in 2010 and features high-quality services including a double height lobby, a staff restaurant, and large outdoor spaces. The ensemble benefits from several green labels including HQE Excellent and BREEAM Very Good.
Terra Nova V has a defensive rental profile with grade A occupiers and a potential for reversion.