Ofi Invest Real Estate sells prime office building to Hines

Ofi Invest Real Estate, a division of France's fourth-largest asset management group, Ofi Invest, has sold the office building at 32 Avenue d’Iéna in Paris.

 32 Avenue d’Iéna, Paris.

Hines purchased the 3,000 m2 property for its Hines European Real Estate Partners III (HEREP III) fund.

Ofi Invest Real Estate had been working since 2023 to enhance the value of the vacant building.

In collaboration with Franklin Azzi Architecture, they secured a new, ambitious office building permit by the end of 2024, which significantly boosts the property's appeal and modernises it to meet current user demands.

Grégoire Bailly-Salins, deputy managing director of Ofi Invest Real Estate, said: “This sale marks the culmination of a project undertaken with dedication by the Ofi Invest Real Estate teams. It demonstrates our ability to enhance the value of our clients’ assets and to work alongside them to find the most suitable solutions for each of their situations.”

Ofi Invest Real Estate was advised by BNP Paribas Real Estate & Stratégies and Corp and Screeb Notaires.

Ofi Invest Real Estate is the property arm of Ofi Invest, which, as of December 2025, manages over €210 bn in assets. It operates through two specialised entities: Ofi Invest Real Estate SAS for direct real estate asset management and Ofi Invest Real Estate, a portfolio management company for real estate funds.

By the end of 2025, the division managed €10.2 bn in gross assets across 220 properties of various types in seven European countries.