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

Mojo is an office building located at 5 rue des Cloÿs, near Montmartre and the town hall of the 18th arrondissement in Paris. Once refurbished, the building will meet the expectations of today’s users in all ways: more than 500 m² of office space, a rooftop terrace offering panoramic views over the roofs of Paris including the Sacré-Cœur basilica, location in a vibrant and eclectic neighbourhood, many services, parking areas, refurbishment in line with the latest environmental standards.

Our approach

The driving principle behind this investment relates to the post-Covid-19 transformations reshaping the central business district of Paris. Most users are looking for newly built or equivalent refurbished buildings located in vibrant neighbourhoods, including social spaces, terraces with exceptional views and office space per person at the high end of the usual range. Mojo will undergo deep renovation involving a design team led by the architect Franklin Azzi that will allow the building to meet all of these criteria.

Key   figures

Certifications targeted

– BREEAM (Building Research Establishment Environmental Assessment Method) certification
– OsmoZ quality of life at work label (Certivéa)
– WiredScore digital connectivity certification
“Mojo is an apt illustration of Weinberg Capital Partners’ expertise in the repositioning of obsolete assets. Convinced by the attractiveness and long-term value of high architectural quality, we entrusted the design of the project to the architect Franklin Azzi, who has conceptualized a building that will serve as the future benchmark for this rapidly changing district. We have obtained a building permit for major refurbishment including an addition with a floor area of more than 900 m².”
Paul du Fraysseix – Director of Asset Management