The asset is located in Paris' 1st arrondissement
Vacant Paris asset requires renovation
Asset was refurbished in 2018 and is fully let to three tenants
Pimco, CNP Assurances and AEW are exiting two assets
Group has invested €350m over 18 months
Office will be delivered in 2026
Development is financed by French bank duo
German fund manager in exclusive talks to purchase mixed-use asset in 11th arrondissement
Group becomes top institutional property manager in France