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| Balthazar |
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| Location |
Saint-Denis, Paris, France |
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| Date acquired |
Acquired by MGPA Europe Fund II in December 2006 |
| Investment type |
Office development |
| Description |
This international grade A office development consists of two independent seven-floor wings linked by an atrium, and 430 underground parking spaces over two floors. The total area is 32,600 sqm. It has been 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 atrium.
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 75 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. |
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This property is also “Haute Qualite Environnementale” – the French standard for high quality environmental properties. |
| Contact |
Alexis Gisselbrecht
London, United Kingdom |
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