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| Balthazar |
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| Location |
Saint-Denis, Paris, France |
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| Date acquired |
Acquired by MGP Fund II in December 2006 |
| Investment type |
Office development |
| Description |
This international grade A office development will consist of two independent seven-floor wings linked by an atrium, and 430 underground parking spaces over two floors. The total area will be 32,300 m². It is being built to the highest technical specifications such as raised technical floors, suspended ceilings, a floor to ceiling height of 2.7 metres, full air conditioning and a double volume entrance hall. |
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The Building is located five kilometers north of Paris, which is part of the “First North Periphery”. The asset benefits from great accessibility, with RER B station 200 meters from the building entrance and it is within the immediate vicinity of the Paris ring road, the A86 motorway leading to La Défense and the A1 motorway leading to Paris, Charles de Gaulle airport, Lille, the Benelux, and the Eurotunnel to the United Kingdom |
| Investment strategy |
Acquire an international grade A office building in an area of Paris where there is strong demand growth for office space, and particularly for large office spaces. Balthazar is extremely well designed with a very flexible layout which will mean it is well placed to meet the demands of the increasing number of businesses looking to move to this area.
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This property will also be “Haute Qualite Environnementale” – the French standard for high quality environmental properties. |
| Contact |
Olivier Vellay
Paris, France |
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