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2021-04-27 14:00 CET, France | Property Investment Management | Press release

Catella Property: Icade finalizes the sale of the Millénaire 1 building - Paris 19

BROOKFIELD ASSET MANAGEMENT, with HEMISPHERE, acquires from ICADE the emblematic MILLENAIRE 1, located at 35 rue de la Gare - Paris 19th.

Built in 2007 by ICADE and entirely renovated in 2018, the asset develops a surface of 29,045 sq.m, offering a wide range of quality services and benefiting from several environmental certifications (NF HQE Bâtiment Tertiaire en Exploitation, HQE Bâtiment Durable Très Bon, HQE Gestion Durable Excellent and BREEAM Very Good).

Previously the headquarters of ICADE, the building is fully leased to ODDO BHF and BNP PARIBAS, a user historically established in this sector through various locations.

Visible from the Paris ring road, this building has a strong architectural signature - its brick façade and double roofs are reminiscent of the Entrepôts des Magasins Généraux de Paris - and benefits from optimal access to several subway/RER/tramway lines.

In this transaction the seller was advised by the CHEUVREUX firm (notaries).

The buyer was advised by ATTAL & ASSOCIES (notaries), GIDE (lawyers) and THEOP (technical consultant).

The transaction was carried out by CATELLA PROPERTY under an exclusive mandate.