Generali Real Estate on behalf of the pan-European Real Estate Core Plus fund acquired from an OPCI managed by DTZ REIM, a prime office asset in Paris, in the Montparnasse area, alongside a leading Asian investor with a global reach.
The New Station asset, built in 1992 with good technical specifications and spread over 9 above ground floors for a total gross leasing area (GLA) of about 27,500 sqm, is multi-let to 6 tenants. Generali Real Estate S.p.A. will act as asset manager for the property.
Located in the dynamic and central Montparnasse district, on the left bank of the river Seine, the building is benefiting from its strategic proximity to the Montparnasse railway station, one of the main public transport hubs in Paris.
The Montparnasse district will also benefit from many large-scale real estate and urban regeneration projects in the coming years.
Generali Real Estate was advised by Gide on all legal aspects. The Gide team was composed of partner Stanislas Dwernicki, counsel Romain d’Innocente, and associates Louis-Henri Lentz and Yannick Granjon.
Generali Real Estate was also advised by LPA-CGR (Sandra Fernandes, Sarah Kesy) on the tax aspects and by the notary firm Cheuvreux (Emmanuelle Gilles de Pelichy).