EQT is pleased to announce that the EQT Real Estate I fund (“EQT Real Estate”) has sold Trideca, an office building located at 28-34 rue du Château des Rentiers, in the 13th arrondissement of Paris. The buyers are Batipart and its partners ACM, Covéa and BNP Paribas Cardif.

The building is located in the immediate vicinity of the ZAC Paris Rives de Seine district. Built in 1987, it includes 15,400 sqm of offices over nine floors and 245 parking spaces.

Olivier Astruc, Managing Director and Investment Advisor to EQT Real Estate, said: “The office building on Rue du Château des Rentiers benefits from excellent real estate fundamentals in terms of location and potential for continued modernisation. Our teams at EQT Real Estate have unlocked its potential over the last three years and we are pleased to have found a good owner in Batipart who will have the opportunity to write the next page of the value creation story for this asset."

Thomas Camus, Managing Director of Development at Batipart. added: “We are delighted with this new acquisition for the Batipart development fund which, since its launch three years ago, has already undertaken more than five operations. With this latest acquisition we are continuing our dynamic acquisition policy and are refocusing on Paris. The rehabilitation of this complex will lead to a qualitative repositioning in an area which is increasingly attractive to users and investors."

EQT Real Estate was advised on the sale by Savills Capital Markets, BNP Paribas Real Estate, Lasaygues & Associés, Ashurst, Arsene Taxand, EY, Shift Capital and Builders & Partners. Batipart was advised by the firm Cheuvreux, De Pardieu Brocas Maffei and Advi Prom.

The parties have agreed not to disclose the financial terms of the transaction.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organizationwith more than EUR 75 billion in raised capital and currently more than EUR 46 billion in assets under management across 16 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About EQT Real Estate
EQT Real Estate, which is part of EQT Partners and which acts as an investment advisor to EQT's real estate funds, seeks direct and indirect controlling stakes in value-added real estate assets, portfolios and companies operating in major European cities which offer strong potential for value creation through repositioning, redevelopment, renovation and dynamic asset management. EQT's real estate advisory team includes 25 investment professionals based in London, Madrid, Milan, Paris and Stockholm. This experienced team has access to the entire EQT platform, its 11 European offices and more than 500 advisers. With expertise in pan-European analysis and investment, they have already brought their know-how to more than 130 real estate projects in multiple asset classes in Europe.

About Batipart
A family group founded by Charles Ruggieri in 1988, Batipart invests and develops projects in the real estate, hotel and tourism sectors in Europe, Africa and North America. In Europe, the Batipart group is present in 7 countries - Germany, Spain, France, Italy, Portugal, Switzerland and now Luxembourg - through its management platforms based in Luxembourg, Paris, Toulouse, Madrid and Milan. In addition, the RUGGIERI family created the JUNICLAIR foundation, approved in Luxembourg since 2013, the purpose of which is to support projects in education and the environment.