Home> Investments > Current assets > Les Trois Quartiers
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| Les Trois Quartiers |
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| Location |
Paris, France |
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| Date acquired |
Acquired by MGPA Europe Fund III on 3 June 2009 |
| Investment type |
Mixed-use yielding asset |
| Description |
Les Trois Quartiers is a 29,700 sqm seven floor mixed use building constructed in 1932 and redeveloped in 1991. The building is multi-let with 40% retail, 60% office space and 192 parking spaces. It is in a prime location in the centre of Paris and part of a major retail precinct. |
| Investment strategy |
The long term development strategy remains to reinforce the income and lengthen the weighted average lease end while servicing the debt to create sufficient funds to upgrade the asset to an institutional grade capable of being sold to a core fund within a four year period. |
| Contact |
Jean-Philippe Olgiati
Paris, France |
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