Barings acquires prime office building in Central Paris CBD

Barings has acquired a fully-let office building in the heart of Paris's CBD, on behalf of a European core real estate strategy. 

Paris Office Prime CBD - Barings

The seller was a French institutional investor, and the financial details of the transaction were not disclosed.
The acquired property, a landmark office building from the 1990s, is situated in front of Paris's former stock exchange. It underwent a complete renovation in 1992 by the renowned architect Ory. The building offers 8,275 m2 of space across seven upper floors and three basement levels, featuring expansive, functional floor plates—a rare find in this area—along with a rooftop, terraces, and a 600 m2 central patio on the ground floor. 
Environmentally, the asset holds an EPC C rating and is connected to the CPCU urban heating network, which substantially lowers carbon emissions.
Its location in Paris's vibrant office district places it among the headquarters of numerous finance, technology, media, and luxury companies. The building benefits from exceptional public transport links, with Bourse station (line 3) just a minute away, and metro lines 8 and 9 within 250 meters on the Grands Boulevards. The 2nd arrondissement also provides a balanced mix of professional and leisure amenities, with various facilities nearby.
Cushman & Wakefield will manage the property, and the asset will be held within an OPPCI (a French real estate investment vehicle) managed by Edmond de Rothschild. 
Guillaume Bieganski, managing director and country head France at Barings Real Estate, said: “The market continues to see strong demand for modern, flexible and ESG-compliant office space in central Paris. Combined with limited Grade A stock, this has driven continued rental growth. Offices in city centre locations with the ability to generate additional value remain highly attractive to us, and we will continue to pursue similar opportunities going forward.”
 Gunther Deutsch, managing director and head of Real Estate Transactions Europe at Barings Real Estate, said: “This acquisition marks the largest office acquisition Barings has executed in the past five years and reinforces our commitment to offices in prime European city centres, whether existing assets with upside potential or as a partner for entirely new developments. The office sector, together with the living and logistics sectors, remains a key area of focus for us. We will continue to look for similar acquisitions in the Nordics, the Netherlands, Germany, the UK, Italy, France and Spain throughout the year on behalf of our core, core+ and value-add capital sources.”
Barings was advised by Oudot, LPA Law, Delpha Conseil, Carb0n, Colliers and Antea. The transaction was marketed by Strategies and Corp.