Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
- Oct 13, 2014
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
Coined PariSquare, the approximately $130 million project resulted from the three-year redevelopment of a multi-story car park the investors acquired in 2011.
The campus has been designed by Reichen & Robert et Associés and consists of five seven-story buildings that surround an inner courtyard on three sides.
Overall, the complex features nearly 220,000 square feet of office space, more than 18,000 square feet of ground floor retail and conference space, an approximately 20,000-square-foot canteen area, as well as an underground parking structure for 270 vehicles and 80 motorcycles.
Located in the city’s fashionable Bastille district, the property offers easy access to a multitude of shops and restaurants around the Opera house, within Place de la Bastille. It is also located near a Metro station, which provides excellent links to the Gare de Lyon and Gare du Nord mainline railway stations, as well as to the rest of the city’s subway transportation network.
The project incorporates the latest sustainable features that minimize energy use, including ground source heat pumps, smart lighting and nearly 3,800 square feet of rooftop solar panels. The property has already achieved Performance Qualité Associée (PEQA) and Effinergie Rénovation 2009 ratings.
“PariSquare addresses the growing need of large occupiers for affordable, high quality and sustainable office space in central Paris. It offers companies an alternative to the city’s more established and expensive CBD locations, where similar quality space costs twice as much. The campus is designed specifically to provide an attractive working environment for as many as 1,600 people in the vibrant Bastille district, which boasts excellent public transport links and local amenities,” Jean-Philippe Blangy, managing director portfolio & asset management at Tristan Capital, said in a news release.