BNP Paribas REIM sells Bords de Seine 2 building in Issy-les-Molineaux to two funds managed by Generali Real Estate
BNP Paribas REIM has just sold the Bord de Seine 2 office building with a floor area of 19,720 sq m, located on 1-3 rue du Passeur de Boulogne in Issy-les-Moulineaux.
The sale was made on behalf of the SCPI funds Accimmo Pierre and Accès Valeur Pierre together with the OPCI fund BNP Paribas Diversipierre, to two funds managed by Generali Real Estate, S.p.A. Società di gestione del risparmio.
Bords de Seine 2 is a modern building developed in 2003 and refurbished in 2014, which boasts high-quality fundamentals. It is perfectly located between the office hub of Pont d’Issy les Moulineaux and the future Grand Paris station of “Issy RER”, in the heart of the Western Crescent. It is right next to the tramway (T2), the RER C line and the future metro line 15.
“Bords de Seine 2” is fully leased to two major French financial institutions.
Guillaume Delattre, Chief Investment Officer for BNP Paribas REIM France, says: "This sale is part of our strategy to rotate the assets of the funds under management, after a six-year ownership and enhancement period.”
BNP Paribas REIM France was advised by the firm Thibierge & Associés and by BNP Paribas Real Estate Transaction as well as Strategies & Corp, as part of a co-exclusive sale mandate.