Union Investment has fully refurbished a historic office building in central Paris and repositioned it as an ultra-modern Grade A property. The building at 60B Avenue d’Iéna will become the headquarters of French ready-to-wear brand Zadig & Voltaire in January 2025. The property is located in the most prestigious part of central Paris, close to Place Charles de Gaulle and the Arc de Triomphe. The lease covers around 2,680 square metres and runs for nine years.
Union Investment acquired the then vacant prime office building in the heart of central Paris in 2021 for the portfolio of special real estate fund DEFO-Immobilienfonds 1. It is now fully let following completion of the refurbishment works.
Source: press release sent 18 Sep 2024