Primonial REIM France has completed the acquisition of the Bloom office building, located in the 12th arrondissement of Paris at 61-69 rue de Bercy, from AXA IM Alts, which was acting on behalf of one of its clients.
The transaction was carried out on behalf of funds managed by Primonial REIM France. Financial details were not disclosed.
Located at the foot of the Parc de Bercy, the asset comprises almost 15,000m2 of office space and two retail units at the foot of the building. Having been entirely restructured and delivered in 2021, Bloom comes with numerous international environmental certifications: HQE Excellent (September 2021), BREEAM Excellent (November 2021) and WiredScore Gold (February 2020).
The building offers tenants flexibility in terms of layout and first-day working space throughout. All of the office space is currently leased to four tenants as part of 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 well-being of users, while at the same time contributing to the overall performance for our funds' investors.'
The transaction was brokered by CBRE Capital Markets.
