Local Operating Partner for Europa Capital Partners
Acquired by Europa Capital in July 2013
2 leases regeared 2 leases signed totalling 14,480 sqm
Turning value-add to core in 2 years
€4,5M of refurbishment
Mission
As local operating partner to Europa Capital Partners, Balzac REIM advised on the acquisition of a high-rise office building in La Défense in 2013. We provided asset management services, including: the refurbishment of 5 vacant office floors, up-dating common parts and services, replacing horizontal cold water A/C pipes throughout the property, obtaining BREEAM in-use labelling, subsequent marketing, re-letting and onward investment sale.
In October 2015, Balzac REIM arranged the sale of Tour Vista, Puteaux, to Alduwaliya Asset management, a British based investor, for a price totalling 150M€.