Immobel divests redeveloped Paris office asset

Belgian real estate company Immobel has sold its office building at 16 rue Saint-Antoine in Paris's Le Marais district to CNBF, the pension fund for French lawyers. 

16 rue Saint-Antoine

The property, previously a multi-storey car park, was fully redeveloped by Immobel into 4,300 m² of modern office space and is currently leased to Red Bull France.
Immobel's transformation significantly enhanced the building, creating a dynamic workspace with ample natural light and modern technical systems, which attracted Red Bull France. 
The property's prime location, its full refurbishment, a strong international tenant, and a range of sustainability certifications (BREEAM Excellent, HQE Excellent, Osmose, BBCA, and WiredScore Silver) made it an attractive investment for CNBF.
This transaction, Immobel's largest office sale in three years, highlights the continued demand for prime Parisian office assets with stable rental income, even in a selective market.