Primonial REIM acquires Bloom office building in Paris from AXA IM Alts

Primonial REIM France has acquired the Bloom office building, in the 12^th arrondissement of Paris at 61-69 rue de Bercy, from AXA IM Alts.

The building, which has close to 15,000sqm of office space and two retail units, was restructured in 2021 and certified HQE Excellent, BREEAM Excellent and WiredScore Gold.

All of the office space is let to four tenants on long-term leases.

Grégory Frapet, chairman of the management board of Primonial REIM France, said: “In an office transaction market in search of new bearings, we remain alert and attentive to investment opportunities.

“We are following a very selective strategy in order to acquire sustainable and central office buildings, such as Bloom, which show a strong environmental dimension, modular work spaces and a range of services designed to enhance the comfort and wellbeing of users, while at the same time contributing to the overall performance for our funds’ investors.”