Abenex completes a new value-add real estate transaction with the acquisition of a mixed-use co-ownership portfolio in the heart of Paris' 8th arrondissement

Abenex announces the acquisition, through a dedicated investment vehicle, of a mixed-use co-ownership portfolio comprising retail, office and residential units, located at 14 rue Chauveau-Lagarde, in the 8th arrondissement of Paris, a short walk from Place de la Madeleine. This is Abenex's fifth real estate acquisition over the past 18 months.

In line with the filialisation process announced at the end of July, this new asset is intended to join the real estate portfolio that will be contributed to Percier Real Estate (subject to the relevant approvals).

A mixed-use portfolio in the heart of the 8th arrondissement

Held by the same family for several decades, the portfolio spans 2,200 sqm and combines retail, office and residential units. Ideally located in the heart of the 8th arrondissement, in the immediate vicinity of Place de la Madeleine, Boulevard Malesherbes and the Saint-Augustin business district, the property benefits from a residential, commercial and business environment alike, as well as excellent accessibility thanks to its proximity to Madeleine station (lines 8, 12 and 14) and Saint-Augustin station (line 9 – RER E).

The portfolio offers significant upside potential across each of its uses, retail, office and residential, through an active value-creation approach.

A value-creation strategy focused on quality and sustainability

In line with its value-add strategy, Percier Real Estate, Abenex's real estate arm, will roll out a repositioning plan across the portfolio to better align it with current market expectations. This programme will notably focus on the targeted renovation of common and private areas, an upgrade in the quality of fittings, and improved energy performance across the retail, office and residential spaces.

"The 8th arrondissement is among the most sought-after districts in Paris. The acquisition of this mixed-use portfolio, held by the same family for several decades, is a clear illustration of our know-how: unlocking the potential of rare assets by repositioning each unit in line with market expectations. We continue to build, with conviction, an exceptional Parisian portfolio, creating sustainable value for our investors and partners.

Within Percier Real Estate, in line with Abenex's ESG positioning as a B Corp certified société à mission, we intend to continue delivering real estate transactions that create responsible and sustainable value," stated Vincent Brunswick, Partner at Abenex, in charge of real estate activities and future Chairman of Percier Real Estate.

Transaction advisers – 14 rue Chauveau-Lagarde (Paris 8th arrondissement)

Seller adviser: JLL (broker)
Abenex advisers: SOCOTEC, BPCE Expertise, Limestone Investors
Buyer's notary: Cheuvreux (Alexandra Lepetit)
Seller's notary: 14 Pyramides
Financing: Arkéa