FREO Group bought this asset (2020) through a joint venture with a French investor. The asset is in Asnières and located in a residential and commercial area very close to public transportation that allows to reach the center of Paris in less than 10 minutes.
Acquisition: 2020
Construction: Q3 2021
Rentable Area (m²): 5,258
Certification: BREEAM
When FREO Group bought this office building it has been vacant for many years. The business plan is to extend this building with additional 2,000sqm and transform it into a mixed used asset (Coliving, office, Retail and nursery spaces) in order to adapt it to the local market. The capex program is currently on going in order to end in 2022 under a maximum price agreement.
Key activities:
Sourcing and Acquisition
Asset Management
Development Management
Disposal
Asnières - Paris, France
Asnières - Paris, France
Asnières - Paris, France
Asnières - Paris, France