Antirion has co-invested in a 46-storey skyscraper in France’s capital alongside Generali.
The asset manager is investing an undisclosed sum to buy a 50% stake in the vehicle that owns the Tour Saint-Gobain in Paris La Défense.
Antirion is making the investment via Antirion Global Comparto Core, a fund backed by Italian pension fund Fondazione Enpam.
Generali, on behalf of a group of French insurance companies will continue to hold the remaining 50% stake in the vehicle.
The Tour Saint-Gobain, completed in December 2019, is the headquarters of French multinational corporation Saint-Gobain. The asset has a total surface area of over 47,000sqm.
Ofer Arbib, CEO of Antirion, said: “The operation allows us to strengthen our strategy aiming at a geographic diversification of investments, and to add to our portfolio a unique asset already considered a ‘green icon’ at international level.
”We are also pleased to continue to forge partnerships with top-level international operators, here in Paris, as well as in Stuttgart and London.”
Aldo Mazzocco, the head of private markets and real assets at Generali Asset & Wealth Management, and CEO at Generali Real Estate said: “We continue our practice of sharing 50% of the ownership of buildings of great importance in major European cities.
“This time it is a very modern skyscraper in the heart of La Défense, the financial district in Paris, in partnership with one of the most important institutional real estate investors in Italy, with whom we hope to consolidate the relationship of mutual trust, even beyond the of the real estate sector.”
To read the digital edition of the latest IPE Real Assets magazine click here.