Barings has acquired a fully-let Haussmannian residential block close to the Eiffel Tower and Champ de Mars in the heart of Paris, on behalf of a European core real estate strategy.
The property, at 35 Avenue de Suffren, in Paris’s prestigious 7th arrondissement, comprises 18 apartments and two retail units. Recent capital expenditure, including upgrades to the façade, roof, and a connection to the urban heating network, has ensured the building is maintained to an “excellent standard”, the real estate manager said.
The district’s vacancy rate is just 2.3%, with new construction permits down 38% over three years, highlighting supply constraints and long-term value, Barings added.
Guillaume Bieganski, managing director and country head, France, at Barings, said: “35 Avenue de Suffren with its proximity to the Eiffel Tower exemplifies the resilience of prime Parisian real estate. With its exceptional location, strong occupancy, and recent upgrades, the property aligns perfectly with our strategy to deliver stable returns and sustainable value for our investors.
“Prime real estate in the heart of the French capital remains an area of keen interest to us, whether that is for residential or commercial properties, and we are eager to explore opportunities on behalf of a range of investment strategies. [This] is the second acquisition completed within one month, following the acquisition of a light industrial asset by Barings Real Estate across its equity platform in France.”
Bieganski added that the manager’s real estate team based in Paris is active across industrial and logistics, living and prime retail assets.
Gunther Deutsch, managing director, head of real estate transactions Europe and country head, Germany, at Barings, said: “This acquisition marks our 10th living acquisition in 2025. So far we have invested a total of €580m into residential assets mainly into new residential developments be it build to rent (BTR) and build to sell (BTS) across our nine jurisdictions.”
Deutsch said residential will “make up the most of our investment volume in 2025” as Barings continues to further expand its residential exposure across its core to value add strategies.
“The living sector – particularly build to rent, build to sell and purpose-built student accommodation – benefits from structural advantages in many European cities and, having deployed significant capital into the sector in 2025, we fully expect to continue to do so throughout 2026,” he added.
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