Investment year
2022
Lead team
Real Estate
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ExpertiseReal Estate
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FundWREP#3
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StatusIn portfolio
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Geographical areaParis
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Business sectorOffices
Asset overview
The Aqueduc project is located at 70 rue de l’Aqueduc in the 10th arrondissement of Paris, within a district undergoing rapid change. The property is an entirely unoccupied office building, with functional units as well as a 173 m² rooftop terrace offering panoramic views of Paris.
Our approach
The asset was purchased from a private owner. Its features made it an ideal choice, fully in keeping with our investment philosophy: location in a vibrant and eclectic neighbourhood, good real estate fundamentals, a building with cachet, a rooftop terrace, great views, etc. Minor refurbishment work will be carried out with the aim of obtaining the latest environmental certifications and so as to offer services and the quality of life expected by users.
“The 70 Aqueduc acquisition reaffirms our belief in the attractiveness of areas outside the traditional Paris CBD boundaries, especially the ninth and 10th arrondissements for office buildings with a strong emphasis on quality of life, located in richly diverse and vibrant neighbourhoods in harmony with the creative spirit of their commercial tenants. It is time to adapt the notion of CBD to the world of today’s users and their expectations: a refurbished Parisian building, certified under the latest environmental and sustainability standards, offering panoramic views, services and terraces within a dynamic and eclectic neighbourhood.”
Jean-Philippe Olgiati
– Partner and Managing Director – Real Estate
Certifications targeted
– BREEAM (Building Research Establishment Environmental Assessment Method) certification
– OsmoZ quality of life at work label (Certivéa)
– WiredScore digital connectivity certification
– OsmoZ quality of life at work label (Certivéa)
– WiredScore digital connectivity certification