Macquarie Asset Management, on behalf of one of its managed accounts, is expanding its presence in French real estate by acquiring 14 Avenue d’Eylau from a fund managed by Aberdeen. Financial details were kept confidential.
Located in the 16th arrondissement of Paris, the 3,700 m2 office property is near Trocadéro Square, which will undergo a significant urban regeneration programme to enhance connectivity with the Eiffel Tower.
The building has been refurbished to high design standards, taking into consideration environmental performance, energy efficiency, and employee wellbeing. The prime building has been awarded a ‘Very Good’ rating under BREEAM’s sustainable building certification scheme and has been pre-let to a major French consultancy group specialised in digital transformation.
Christian Goebel, co-head of Macquarie Asset Management’s Core/Core-Plus Real Estate strategy said: ‘The acquisition of 14 Avenue d’Eylau reinforces our strategy to acquire highly sustainable assets in the best performing leasing markets. Its excellent location, secured income stream, and strong ESG credentials, make this best-in-class office building a welcome addition to our managed portfolio.’
Earlier this year, Macquarie Asset Management acquired two logistics facilities located in the major French logistics hub of the Hauts-de-France region in a forward funding agreement.
