Preferred bidder beats competition from RedTree and Tishman Speyer
Project will transform industrial site into student and retail space
Kite logistics portfolio can be extended by 105,000 sq m
Asset on boulevard Saint-Germain remains on the market
Guillaume Barthelemy is co-founder of office firm Arrow Paris
Three core sales processes are launching
Paris portfolio may be split into separate sales processes
Duo enters exclusivity for Paris asset, which was first put on market for €300m in 2020 and almost sold in 2023
Owner has increased rents significantly since acquiring the asset in 2018