Aéma REIM, part of Aéma Group, has acquired the Keiko Tower, a landmark office development in Paris, from AXA IM Alts.
Financial details were not disclosed.
Formerly known as Macifimo, Aéma REIM has acquired the tower for Aéma's head office, due to be established by 2024. The 26,000 m2 development, with completion set for 2023, is spread across 14 storeys.
A focus on people, wellbeing and sustainabilty in the development will see the tower offer a range ofservices and amenities, including a range of amenities for occupiers, an auditorium, a business centre, a restaurant overlooking the Seine, and 750 m2 of terraces across multiple floors, plus a rooftop terrace.
Occupiers will also benefit from car and motorcycle parking facilities in the basement, alongside shower and changing facilities, while a 300 m2 bike park will be built to encourage occupiers to travel to work in an eco-friendly and healthy way.
According to AXA IM Alts, the disposal culminates the firm's successful regeneration of the 40 acre Issy-les-Moulineaux site and follows the development and subsequent sale of 3 residential towers in 2018, as well as Aquarel tower, a 33,000 m2 office building in 2019.
The site is located in Issy-les-Moulineaux, south-west of Paris, in the third largest metropolitan district in the city. The area comprises a range of residential and social housing, retail, offices and a plethora of green spaces along the banks of the Seine.
Overlooking the river, Keiko tower will offer easy access via a range of public transportation networks and sits adjacent to the Issy-Val de Seine train station. With trains to La Défense and Gare Montparnasse in just 20 minutes by train, the building is also accessible via the metro, bus and RER networks.
Germain Aunidas, global head of development at AXA IM Alts said: 'Following the successful completion and sale of our other two other developments in Issy-les-Moulineaux, we invested in Keiko tower in recognition that the role of the office has changed, with the workforce of the future now increasingly looking for spaces that prioritise well-being and collaboration, a trend that was emerging even before the pandemic but which has been further accelerated by shifts in working as a result of Covid-19.
'This disposal demonstrates the sustained appetite by occupiers for sustainable, well-designed offices in prime locations, and allows us to leverage our market-leading development expertise to crystallise the value generated for clients.'
