Schroders Capital has bought an office building in France on behalf of one of its core/core-plus pan-European real estate funds.
The manager has invested an undisclosed sum to buy the asset located at 41-43 rue Pergolèse in the 16th arrondissement of Paris.
Renovated in 2009, the two buildings that make up this office provide 2,615sqm of space over eight floors and 22 underground parking spaces, Schroders said.
Schroders said it will undertake a targeted investment programme focused on the communal and external areas, as well as certain technical elements in the private areas.
Laurent Dubos, the head of real estate France at Schroders Capital, said: “Once we have completed our repositioning work, we plan to operate the office space in a flexible manner.
“The buildings and occupiers will also fully benefit from the improvement of the Île-de-France infrastructure network, with the arrival of regional train line E in 2023 at Porte Maillot, transforming this micro-district of the 16th arrondissement into a new destination in the central business district.”
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