Smart Parc
Grade A office space at Grade B rents.
Refurbishment and repositioning of two income producing, technically obsolete office buildings into an institutional Grade A 30,000 sqm office campus in established Courbevoie, Greater Paris.
- Sector
Real Estate
- Country
France
- Fund
EQT Real Estate I
- Entry
2016
Website
About Smart Parc
At the time of acquisition, Smart Parc was a 52% leased, 30,000 sqm Western Paris office campus consisting of two twin buildings. The asset was acquired from a distressed seller and the properties required extensive refurbishment.
The campus is located in Courbevoie with good access to transport links. Occupier demand is driven by companies looking for good value office space in close proximity to La Defense and central Paris.
The business plan is, while retaining existing tenants on the campus, to fully refurbish the property with the objective of delivering Grade A office space at Grade B rents, and fill up the buildings on a multi-tenanted basis.
Do You Want to Know More?
We are eager to explore how we can achieve great things together.