SFL – A luxury goods company chooses #Cloud.Paris
06 Juin 2023 - 6:31PM
Business Wire
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#Cloud.Paris © JP Mesguen
SFL (Paris:FLY) has let close to 10,000 sq.m. in the
#Cloud.Paris building to a new tenant, in a benchmark transaction
in the CBD.
The 10,000 sq.m. unit, including infrastructure for around 10%,
had been let to Exane since 2015 and is being vacated in two
phases. It comprises large 3,400 sq.m. floors and terraces with
panoramic views over Paris.
The new tenant is making a long-term commitment, signing a
12-year lease with a non-cancellable period of nine years, at an
average rent of €940/sq.m.
Its choice of #Cloud.Paris attests to the quality and durability
of the asset’s positioning. The 35,000 sq.m. business centre was
extensively remodelled and refurbished in 2015 and is ideally
located in the heart of the 2nd arrondissement of Paris, close to
the Paris Bourse.
Its architecture and design, very high environmental quality and
large floor plates attract tenants that are leaders in their
respective markets and expect very high standards of
performance.
Virginie Krafft, SFL Marketing Director, said: “Prime offices
are still in strong demand among the world’s leading companies that
want to offer their employees a unique working environment in the
centre of Paris. This deal also shows that leading companies all
want the same thing in terms of office facilities, whatever their
business sector, with luxury goods joining finance and tech in
#Cloud.Paris, which houses Meta's French headquarters”.
Following this transaction, the business centre will continue to
be fully let, to five blue-chip tenants (including Coty, Generali
Global Infrastructure and Royal Bank of Canada).
Exane was represented in this transaction by BNP Paribas Real
Estate.
About SFL
Leader in the prime segment of the Parisian commercial real
estate market, Société Foncière Lyonnaise stands out for the
quality of its property portfolio, which is valued at €8.2 billion
and is focused on the Central Business District of Paris
(#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the
quality of its client portfolio, which is composed of prestigious
companies in the consulting, media, digital, luxury, finance and
insurance sectors. As France’s oldest property company, SFL
demonstrates year after year an unwavering commitment to its
strategy focused on creating a high value in use for users and,
ultimately, substantial appraisal values for its properties.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN
FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook
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version on businesswire.com: https://www.businesswire.com/news/home/20230606005871/en/
SFL – Thomas Fareng – T +33 (0)1 42 97 27 00 –
t.fareng@fonciere-lyonnaise.com www.fonciere-lyonnaise.com
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