Local Operating Partner for Europa Capital Partners
Acquired in JV with Europa Capital Partners in May 2017
Renovation and repositioning of the: restaurant canteen, cafeteria, concierge service, reception area and common parts
Strategic Asset repositioning
As local operating Partner of Europa Capital Partners, Balzac REIM advised on the acquisition of this building. Situated in the commercial and residential suburb of Levallois-Perret, Le Semaphore benefits from a sought-after location in addition to panoramic views of the Seine and beyond, towards La Défense.
This project constitutes the most comprehensive refurbishment that we have undertaken to date. With full, non-recourse planning permission obtained, an entire refit is underway to include: the external re-cladding of the office building, the installment of new heating and cooling systems, two, double-height entrance halls, an auditorium, a fully-equipped fitness room and co-working areas, in addition to a newly-designed restaurant and landscaped courtyard and roof terraces.
In conjunction with the Architects, Project Managers and Engineers, we continue to provide Asset Managing Services on this project, in particular, undertaking marketing and letting coordination of the property.
Balzac is working towards achieving the optimal level of environmental certification for a renovation of this nature.