Barings Completes Largest Office Acquisition in Five Years with Paris CBD Asset

Barings has acquired an 89,071-square-foot office building in Paris' central business district, marking the firm's largest office acquisition in five years. The fully-let asset was purchased on behalf of a European core real estate strategy from a French institutional investor, with financial terms undisclosed by mutual agreement.

Asset Details and Location

The property is a landmark 1990s office building located in Paris' 2nd arrondissement, positioned in front of the city's former stock exchange. The asset comprises 8,275 square meters (89,071 square feet) spanning seven upper floors and three basement levels. The building underwent complete restructuring in 1992 by architect Ory.

The asset features large, functional floor plates—described as a rarity for the area—along with a rooftop, terraces, and a 600-square-meter ground floor central patio. The building holds an EPC C rating and connects to the CPCU urban heating network, which significantly reduces carbon emissions.

The property benefits from transit accessibility, with Bourse station (Line 3) located one minute away and metro lines 8 and 9 positioned less than 250 meters away on the Grands Boulevards. The location is in Paris' dynamic office district alongside headquarters of finance, technology, media, and luxury firms.

Acquisition Strategy and Market Context

Guillaume Bieganski, Managing Director and Country Head France at Barings Real Estate, said: "The market continues to see strong demand for modern, flexible and ESG-compliant office space in central Paris. Combined with limited Grade A stock, this has driven continued rental growth. Offices in city centre locations with the ability to generate additional value remain highly attractive to us, and we will continue to pursue similar opportunities going forward."

Gunther Deutsch, Managing Director and Head of Real Estate Transactions Europe at Barings Real Estate, said: "This acquisition marks the largest office acquisition Barings has executed in the past five years and reinforces our commitment to offices in prime European city centres, whether existing assets with upside potential or as a partner for entirely new developments. The office sector, together with the living and logistics sectors, remains a key area of focus for us."

Transaction Structure and Advisory Team

The asset will be held in an OPPCI managed by Edmond de Rothschild. Cushman & Wakefield will handle property management for the building.

Barings was advised by Oudot (notary), LPA Law (legal and tax), Delpha Conseil (technical), Carb0n (ESG), Colliers (commercial), and ANTEA (environmental). The transaction was marketed by Strategies and Corp.

Future Investment Plans

Deutsch indicated that Barings will continue to look for similar acquisitions in the Nordics, the Netherlands, Germany, UK, Italy, France and Spain throughout the year. The office sector, together with the living and logistics sectors, remains a key area of focus for the firm.