Cicerone Fund Advised by CBRE Global Investors Acquires Trophy Office Building in Paris

25 Oct 2018

CBRE Global Investors and Fabrica SGR, the advisor and asset manager of the Cicerone Fund respectively, have acquired an office building located at 132 Rue de Réaumur, Paris. The vendor was Société Générale.

The trophy building was built in 1901 for Société Générale who has been the occupier throughout. Following the sale and leaseback, Société Générale has committed to a long-term lease going forward.

The asset is located at the corner of rue Réaumur, rue Notre Dame des Victoires and rue Léon Cladel in Paris’ 2nd district, opposite the Palais Brongniart and metro Bourse. It benefits from excellent visibility on a prestigious location within Paris’ Central Business District. The building has recently undergone a refurbishment.

Gautier Beurnier, Head of Transactions for CBRE Global Investors France said: “This is the first time this trophy building has been marketed for sale and we are delighted to have secured strong secure cash flows for our investor.“

Commenting on the deal, Société Générale said they are delighted to have established with CBRE Global Investors, Fabrica and Cicerone Fund a trustworthy relationship that made this transaction iconic for all stakeholders.

This is the fifth investment for the fund outside of Italy, and the second in the French capital.

Allez&Associés, Allen&Overy, Property S² advised CBRE Global Investors and Fabrica SGR.

Thibierge & Associés, Gide Loyrette Nouel, SG Real Estate Advisory advised Société Générale.

About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $101.7 billion in assets under management* as of June 30, 2018.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit

*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors 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 asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.