AEW Ciloger acquires Prisma Tower in La Défense, Paris on behalf of several retail funds
AEW Ciloger has acquired, on behalf of several SCPI and OPCI, Prisma Tower in La Défense (Paris), from Invesco Real Estate.
This property comprises 23,000 sq m of office space across 22 levels and is fully let to four high quality tenants. Located on 4-6 avenue d'Alsace in Courbevoie, Prisma Tower is at the heart of La Défense, Europe’s largest business district with more than 1,500 companies’ headquarters in the area.
Built in 1998, the building was fully renovated in 2012 and benefits from the last international standards in terms of environment profile. Prisma Tower holds HQE Commercial Tertiary Building "Exceptional" and BREEAM "Very Good" ratings.
The property also offers users numerous amenities, including common areas, staff canteen, private terraces, concierge services, as well as fitness and leisure facilities.
Isabelle Rossignol, Deputy Managing Director & Head of AEW Ciloger’s Private Clients business, says: "This acquisition of a landmark asset in Paris demonstrates the capacity of AEW Ciloger teams to combine their expertise to enable our private clients funds to invest on an institutional scale. Prisma Tower is a high quality property in an established business location and will deliver a stable income stream to our investors.”
AEW Ciloger was advised by Prud'homme & Baum and Clifford Chance. The vendor, Invesco Real Estate was advised by Wargny Katz and Linklaters.