{"id":1004500837,"date":"2020-12-21T03:58:52","date_gmt":"2020-12-21T11:58:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004500837"},"modified":"2021-05-15T09:52:08","modified_gmt":"2021-05-15T17:52:08","slug":"tishman-speyer-expands-paris-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/","title":{"rendered":"Tishman Speyer Expands Paris Footprint"},"content":{"rendered":"
\"\"<\/a>

Carr\u00e9 Saint-Germain. Image courtesy of Tishman Speyer<\/em><\/p><\/div>\n

Tishman Speyer has invested 750 million euros ($919 million) into the Parisian office market in the last six weeks. The company has recently acquired two additional properties in Paris to go along with its purchase of an office building in the Boulogne-Billancourt suburb in November.<\/p>\n

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READ ALSO<\/strong>: AXA Investment Managers Completes $875M Logistics Deal<\/a><\/p>\n

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For its two latest acquisitions of Carr\u00e9 Saint-Germain and Tour Cristal, Tishman Speyer partnered with the Public Sector Pension Investment Board. Tishman and PSP purchased Carr\u00e9 Saint-Germain from AXA IM – Real Assets, which sold the property on behalf of clients. The 13,800-square-meter (149,000-square-foot) mixed-use property is located within Paris\u2019 Saint-Germain des Pr\u00e9s district.<\/p>\n

Philippe Joland, senior managing director & president of Tishman Speyer France, said in prepared remarks that Carr\u00e9 Saint-Germain was its third acquisition since the onset of the COVID-19 pandemic, which gives Tishman Speyer an opportunity to reinvent office space that adapts to the new norms.<\/p>\n

\"Tour<\/a>

Tour Cristal. Image courtesy of Tishman Speyer<\/em><\/p><\/div>\n

Tishman Speyer and PSP also acquired the 29-story Tour Cristal in Paris\u2019 15th Arrondissement from an undisclosed seller. The 26,000-square-meter (280,000-square-foot) office property was built in 1990 and is among the last high-rise towers built in central Paris, according to Tishman Speyer.<\/p>\n

In both transactions, the partnership was advised by \u00c9tude Wargny Katz and cabinet De Pardieu Brocas Maffei, while also receiving technical consulting from Arcardis. The partnership also received financing advisory services from Eastdil Secured with the Carr\u00e9 Saint-Germain deal.<\/p>\n

Paris office market activity continues<\/h2>\n

Commercial real estate in Europe is starting to see its bounce back, according to a third quarter report<\/a> from CBRE. And in spite of COVID-19 heavily impacting France, the Paris office market was still able to see some major deals happen in the last few months.<\/p>\n

In May, Ivanhoe Cambridge acquired a 538,200-square-foot development<\/a> in the Parisian suburb of Val de Fontenay that is expected to be complete in 2022. Several months later, DTZ Investors acquired a fully leased office property<\/a>, also in the Boulogne-Billancourt suburb west of Paris.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the acquisition of two additional office buildings, the company\u2019s investment in the French capital surpassed $900 million over the last six weeks. <\/p>\n","protected":false},"author":883,"featured_media":1004500909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,16,21783,21742,21747],"tags":[34366,38432,32789,33101,33224],"class_list":["post-1004500837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-international","category-investment","category-latest","category-office","tag-arcadis","tag-axa-investment-managers","tag-cbre","tag-eastdil-secured","tag-tishman-speyer"],"acf":[],"yoast_head":"\nTishman Speyer Expands Paris Footprint - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tishman Speyer Expands Paris Footprint\" \/>\n<meta property=\"og:description\" content=\"With the acquisition of two additional office buildings, the company\u2019s investment in the French capital surpassed $900 million over the last six weeks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T11:58:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T17:52:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Tour-Cristal-Paris-002.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/\",\"name\":\"Tishman Speyer Expands Paris Footprint - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Tour-Cristal-Paris-002.jpg\",\"datePublished\":\"2020-12-21T11:58:52+00:00\",\"dateModified\":\"2021-05-15T17:52:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-expands-paris-footprint\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Tour-Cristal-Paris-002.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Tour-Cristal-Paris-002.jpg\",\"width\":800,\"height\":620,\"caption\":\"Tour Cristal. 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