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Ardian sells Paris office complex to CRPN

Ardian Real Estate has sold a premium office building, centrally located at 14 rue des Pyramides in Paris’ first arrondissement, to the Caisse de Retraite du Personnel Navigant (CRPN). CRPN’s staff will relocate to the building towards the end of 2021.

The second deal this week. Just yesterday, Ardian announced the sale of its 2017 and now completely modernized office building in Via Colombo 80 in Rome to Deka Immobilien [we reported].

Stéphanie Bensimon, Head of Ardian Real Estate, said: “This successful sale, despite the uncertain context, is another example of our strategy which is rooted in cutting-edge redevelopment of obsolete, albeit well-located, commercial real estate assets. We conduct these overhauls in France and across Europe – to prepare buildings and their tenants for the future. We are confident that the building will provide a modern and enjoyable work environment for all of the Caisse's employees.”

The 3,700sqm building is centrally located in the Paris central business district, an attractive and thriving area. It is located near the Opera House, the Tuileries Gardens, and the Louvre museum and is easily accessible via the Pyramides metro station (connected to lines 14 and 7).

The Haussmann-style building consists of two interconnected five- and six-story buildings, organized around a central courtyard.

The asset is currently undergoing a complete refurbishment that will increase the office’s capacity, bringing it up to prime market standards and ensuring it meets stringent environmental requirements. The complex will offer flexible and more comfortable workspaces for its tenants.