Ivanhoé Cambridge acquires Cap Ampère office asset in Paris

Ivanhoé Cambridge has acquired a 90,000sqm office-building campus in France from Natixis.

The C$60bn (€40.09bn) real estate investment arm of Quebec’s sovereign fund, Caisse de dépôt et placement du Québec, said it has bought Cap Ampère in Saint-Denis, Paris region. The campus consists of four connected buildings on a plot of four landscaped hectares.

Financial details were undisclosed. Ivanhoé Cambridge said this is the largest asset sold this year in the French office market.

The asset is occupied by EDF. The energy firm has signed a nine-year fixed-term lease.

Karim Habra, the head of Europe, Ivanhoé Cambridge, said: “Following the recent deals of HUB 247 in Nanterre and the Tours DUO in Paris, this transaction once again illustrates Ivanhoé Cambridge’s European expertise and strategy of investing in projects with high growth potential in urban areas currently undergoing regeneration.

“We are also enthusiastic about contributing to the future success of our tenant EDF and their employees.”