Unibail-Rodamco-Westfield (URW) announced this week the signing of a co-investment partnership with AXA IM Alts to develop the Triangle Tower in Paris.
Designed by Jacques Herzog and Pierre de Meuron, the Triangle Tower will combine office space with amenities including a conference centre, street level shopping, restaurants and a hotel.
The Triangle Tower will offer area residents new community benefits including childcare and health facilities and a cultural centre while providing occupants with versatile spaces that accommodate new ways of working together. The project incorporates the highest environmental construction standards targeting HQE Exceptional and BREEAM minimum Excellent certifications.
Initial works are due to begin by the end of the year, with an expected opening in 2026.
Jean-Marie Tritant, Chief Executive Officer, Unibail-Rodamco-Westfield, said: ‘We are pleased to welcome AXA IM Alts as partner on the Triangle Tower project as we create a new destination within Greater Paris as part of URW's ongoing commitment to enhance the city with quality developments. URW’s unique and recognized expertise allows us to create attractive, future-focused sustainable mixed-use projects.’
Isabelle Scemama, global head of AXA IM Alts, and CEO AXA IM Real Assets, said: ‘The Triangle Tower project is a flagship project for the city of Paris and its region. It has been designed as a particularly innovative location and will benefit from the best environmental certifications, notably in terms of energy efficiency and carbon footprint. We are proud to be associated today with this unique and emblematic project alongside URW.’
