Opéra Victoire

Local Operating Partner Deka Immobilien

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< Location : 66 – 74 rue de la Victoire – 75009 PARIS
< Size : 26, 481 sqm
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Acquired by Deka Immobilien in 1997

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26,481 sqm leased to 6 tenants

Strategic advice on repositioning vacant HQ office building

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€26M of refurbishment works

Mission

As asset manager, Balzac REIM provided strategic advice to Deka on repositioning “Opéra Victoire”, a landmark headquarters office building which had become vacant following the departure of the outgoing single tenant occupier. We coordinated the 17-month refurbishment program, which totaled €26 million, and obtained an HQE in-use environmental certificate.

Following a 10,386m2 pre-let to Banque de France, Balzac REIM coordinated the marketing and leasing of the remaining 16,095 sqm to AXA Private Wealth Management and Euroclear.