Axipit Real Estate Partners Acquires 20 Rue Vivienne Office Building in Paris CBD
Axipit Real Estate Partners has acquired the office building at 20 Rue Vivienne in Paris's Central Business District, the firm announced July 8, purchasing the asset from a French insurance company as part of its value-add investment strategy in prime Paris locations.
The property is located in Paris's 2nd arrondissement. Financial terms of the transaction, including the purchase price, financing details, and any projected stabilized yield, were not disclosed in connection with the announcement.
A Value-Add Strategy in a Prime Paris Location
Axipit Real Estate Partners has described the acquisition as a continuation of its active pursuit of value-add opportunities in prime Paris locations. The seller was identified as a French insurance company. No additional details regarding the building's size, current occupancy, or planned works were confirmed in the available source materials.
Transaction Details
The seller of 20 Rue Vivienne was a French insurance company. No financial terms, including deal price, financing structure, or projected yield, were disclosed in connection with the transaction.