EuropArabBank has agreed to pay a new record rent at a premises on the Champs Elysees in Paris, property advisor Savills said on Wednesday. Landlord, sci Elysee 26, has let the final floor at 26 Champs Elysees, Paris 8 to the bank at a rent of EUR 680 per m[sup]2[/sup] on a 3/6/9 year lease. The recently refurbished floor comprises 470 m[sup]2[/sup] of office space.
EuropArabBank has agreed to pay a new record rent at a premises on the Champs Elysees in Paris, property advisor Savills said on Wednesday. Landlord, sci Elysee 26, has let the final floor at 26 Champs Elysees, Paris 8 to the bank at a rent of EUR 680 per m2 on a 3/6/9 year lease. The recently refurbished floor comprises 470 m2 of office space.
Herve Blanchet of Savills, who advised on the letting, commented: 'The Champs Elysees represents a popular area and this record rent achieved reflects its position as part of the wider central business district. Paris remains a key business destination, with an 11% pricing increase in the CBD last year, and has competitive rental levels in comparison to the rest of Europe.'
Other tenants at 26 Champs Elysees include Fortuneo, Editis, Capital et Continental and ICE.
