Weinberg Capital Partners continues its acquisitions of Parisian office buildings
Weinberg Capital Partners announces the acquisition of a commercial building in the 18th arrondissement of Paris, the third acquisition of its value-add fund WREP #3. This is an office building of more than 2,800 sq.m. located at 5 rue des Cloÿs, close to the town hall of the 18th arrondissement and Montmartre.
The building offers office space of more than 500 sq.m. as well as a large rooftop with panoramic views over Paris and the Sacré-Cœur.
Convinced by the location and the excellent fundamentals of the building, Weinberg Capital Partners intends to carry out a restructuring operation to create a new office building in line with users' expectations.
Jean-Philippe Olgiati, managing director of real estate activities at WCP: "This transaction is perfectly in line with the fund's strategy of focusing on assets to be repositioned in Paris. At a time when many are questioning the future of the office sector, we remain convinced by this asset class and by the sustained demand from users for smaller spaces, between 1,500 sq.m. and 3,500 sq.m., well located in Paris in lively neighborhoods, benefiting from views, outdoor spaces and services".
The transaction was financed by BRED Banque Populaire. The buyer was advised by Thibierge (Julien Miara), Theop, Racine and BNP Paribas Real Estate.
Weinberg Capital Partners' proposal
Founded in 2005, WCP is an independent investment company historically active in buyout capital. In 2008, it broadened its scope to include real estate assets, and since 2015 has been investing in the capital of French listed SMEs/SMIs as a minority shareholder with an active, friendly and long-term approach. In 2020, WCP added to its capacity to invest in SMEs with a minority strategy focused on sustainable development issues, which offers extra-financial support to better prepare companies for environmental and societal challenges.
With €1.3 billion in assets under management, WCP is a significant player in the mid-market equity segment in France.
WCP is a signatory of the PRI, a member of the International Climate Initiative and an active responsible investor.
Contact presse Weinberg Capital Partners
Laurence Roy-Rojo | Partner - Investor Relations
email@example.com | + 33 1 53 53 55 16 |www.weinbergcapital.com