Local Operating Partner Deka Immobilien
Acquired by Deka Immobilien in 1997
26,481 sqm leased to 6 tenants
Strategic advice on repositioning vacant HQ office building
€26M of refurbishment works
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.