Weinberg Capital Partners launches a restructuring project at 18-20 Rue de Navarin in Paris

As part of the deployment of its WREP#3 fund, Weinberg Capital Partners announces the launch of a restructuring project at 18-20 Rue de Navarin in the 9th arrondissement of Paris. This recently acquired real estate complex, totaling over 8,600 square meters, is part of the investment strategy implemented over the past two years, targeting very well-located assets in Paris or the immediate surrounding area.

18-20 Rue de Navarin is a unique asset due to its architecture and location within the “tech cluster” of the 9th arrondissement of Paris while also benefiting from the quality of life of Rue des Martyrs. The building has strong real estate fundamentals. Indeed, it is a former France Telecom telephone exchange offering large office spaces of over 2,000 square meters, free of any columns, with over 4 meters of ceiling height, as well as 1,300 square meters of exterior terraces, spread over different floors of the building, from which one can admire the main monuments of Paris.

Part of the building is currently occupied by the headquarters of Qonto within spaces leased by WeWork. These 5,200 square meters were restructured and delivered in July 2022. The remaining surface area, located in an independent building, will be restructured into a mixed-use building with the ambition of obtaining environmental labels such as BBCA, BREEAM Very Good, Osmoz, and WiredScore.