Weinberg Capital Partners

Investment year
2021
Lead team
Real Estate
  • Expertise
    Real Estate
  • Fund
    WREP#3
  • Status
    In portfolio
  • Geographical area
    Paris
  • Business sector
    Offices

Asset overview

Collection Parisienne is a 3,360 m² corner building ideally located in the Opéra district, at 22 rue de Provence Paris 9e, near stations for Lines 7, 8, 9 and 12 of the Paris Metro, just 10 minutes from the Gare du Nord and the Gare Saint-Lazare.

The building was acquired in a private transaction involving a number of owners and multiple parties. A programme of works is being planned to reposition the asset.

Our approach

Collection Parisienne is an asset located in a highly sought-after and central district of Paris. Our approach takes several factors into account. A portion of the value was generated at the start given the acquisition’s complexity. Our business plan for the asset offers a great deal of flexibility, from light renovation to complete refurbishment with a view to obtaining the latest environmental certifications. It is also a subleased asset, thus ensuring its resilience to financial cycles.

Key   figures

“The building was acquired in a private transaction involving members of several families, none of which included real estate professionals, with diverging interests. The acquisition was carried out through the purchase of shares in the company holding the asset. The team managed to instil a climate of trust with the owners and handled this complex transaction with a combination of adaptability and professionalism.”
Gad Botbol – Head of Acquisitions

Certifications targeted

– BREEAM (Building Research Establishment Environmental Assessment Method) certification
– OsmoZ quality of life at work label (Certivéa)