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BNP Paribas REIM acquires Allure building in Paris from CarVal Investors

Allure building
BNP Paribas REIM has acquired the Allure building in Paris Clichy-Levallois from CarVal Investors. The property has been acquired for the fund NEIF II managed by BNP Paribas REIM Luxembourg structured via an OPCI managed by BNP Paribas REIM France.

The Allure building (101/109 rue Jean Jaurès) was entirely refurbished in 2016 and has a BREEAM and dual BBC / Effinergie certification. The asset develops 8400 sqm. This 9-floor building houses a number of tenants and has several terraces and patios. The office building is located right next to the Clichy-Levallois train station and the So Ouest shopping centre.

„This is the 11th transaction by NEIF II fund, contributing to the geographic diversification of the portfolio in the main cities of the Eurozone. It also reflects our intention to form a portfolio of buildings that meet tenants' expectations but also those of investors in terms of the ecological sustainability of their assets,“ said For Laurent Boissin, Investment Advisor for the NEIF II fund.