CBRE Investment Management Acquires Prime Office Asset in Paris

CBRE Investment Management (CBRE IM), on behalf of a separate account client, has acquired an office building in Paris from co-owners NOE REIM and Allianz Immovalor, on behalf of SCPI Allianz Pierre.

The asset is located at 2-4 Rue Louis David in the heart of Paris' 16th arrondissement offering excellent connectivity and proximity to the Trocadero. Originally built in 1957 and renovated in 2000, it features a seven-storey layout, an internal courtyard, and multiple terraces, spanning a total area of approximately 5,800 sq m.

Thibault Nicolle-Malpas, Transactions Director France at CBRE IM, commented: “We continue to target high-quality office assets in the key European cities and believe in the potential of this asset. Situated in one of Paris’ most supply-constrained sub-markets and offering a rare combination of an excellent layout, generous external spaces and an ideal lot size, in our view, it will deliver long-term value for our client. In 2025, we will continue to deploy capital across sectors for our high conviction strategies.”

Strategies and Corp and BNP Paribas Real Estate acted as agents for this transaction while Allez&Associés, Screeb and 14 Pyramides respectively advised CBRE IM, Allianz Immovalor and NOE.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $146.2 billion in assets under management* as of December 31, 2024, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.