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Blackstone has acquired the Centre d'Affaires, a landmark office property in Paris' Trocadéro district, for around EUR 700 million (USD 819 million). The building, which spans 41,000 EUR square meters, includes office spaces, 57 luxury apartments, cafes, and catering facilities. Originally purchased by Union Investments in 2003 for EUR 284 million, the property has seen strong interest from global investors due to its prime location and high-quality facilities. The transaction is expected to close by the fourth quarter of 2025, reflecting renewed confidence in Europe's premium office real estate.
Blackstone has secured the purchase of the Centre d'Affaires, a prominent office building located in the Trocadéro area of Paris, for approximately EUR 700 million, equivalent to USD 819 million. This acquisition marks a significant investment in one of Europe's key office markets, highlighting the appeal of premium and well-located properties. Advertisement
The Centre déAffaires offers 41,000 square meters of office space. Along with its commercial offices, the property houses 57 luxury apartments, cafes, and catering facilities. This combination of office and residential amenities makes it a distinctive asset in the Parisian real estate landscape.
Union Investments had previously bought this property in 2003 for EUR 284 million. Since then, the building has maintained its status as a prime office location, attracting interest from leading global investors looking for high-quality, centrally located office space in Europe.
The transaction is scheduled to close by the fourth quarter of 2025. This step aligns with Blackstone's ongoing strategy to expand its European office portfolio and invest in premium real estate assets. The acquisition also underscores a broader trend of renewed confidence in the European office sector, which has been recovering from the challenges posed by the pandemic.
This purchase adds to Blackstone's growing presence in Europe, where it has been actively acquiring office properties in major cities, demonstrating a clear focus on assets that combine strong location, quality construction, and potential for steady returns.
Source: Reuters
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