(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has acquired Le 50 rue d’Anjou building in Paris on behalf of one of its mandates. The acquisition was carried out as part of a sale and lease back agreement with Crédit du Nord, which has occupied the building for the past 25 years.
Located in the eighth arrondissement in the heart of the Central Business District of Paris, le 50 rue d'Anjou has a total lettable area of almost 10,600 sq m of office space, arranged over two basement levels, a ground floor, five upper floors and surrounding four main interior courtyards.
The building can cater up to 1,000 personnel and is situated next to multi-modal public transport networks, accessible via Gare Saint-Lazare.
Adrien Beuriot, Head of Asset Management, Continental Europe, at Aviva Investors, said:
"We are delighted to acquire this asset and to have agreed a leaseback agreement with an institution such as Crédit du Nord. Alongside London, Paris is the office market identified in our research last year that we expect to be the best-performing in Europe. The asset sits in a good location in the city, strengthened by its proximity to a significant transport hub. These attributes, coupled with the existence of a high-quality tenant, aligns it well with Aviva Investors' investment strategy.”
Aviva Investors was advised by Screeb, Reinhart Marville Torre, THEOP, Expertam and Manexi.
Crédit du Nord was advised by Société Générale Real Estate Advisory, l’étude Thibierge, and the cabinet Herbert Smith Freehils.