Blackstone is set to acquire the Trocadéro office building in Paris for €700 million, supported by a €530 million loan from Société Générale, marking a significant re-entry into large-scale office investments.

Information on the Target

Blackstone is in the process of securing a €530 million ($615 million) loan from Société Générale to finance its acquisition of the iconic Trocadéro office building in central Paris, amounting to €700 million. This acquisition represents the largest single-asset office financing in Europe since 2022, according to Bloomberg.

The Trocadéro property encompasses 41,000 square meters and was acquired from Germany's Union Investment last month. The building features a mix of office spaces, retail locations, and residential units, strategically situated near the Eiffel Tower, reflecting Blackstone's belief in the potential of prime European office assets.

Industry Overview in France

The real estate sector in France has witnessed a significant transformation in the past few years, largely driven by fluctuating interest rates and shifts in investor sentiment. After a prolonged period of subdued investment activi

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Blackstone

invested in

Trocadéro office building

in 2023

in a Other deal

Disclosed details

Transaction Size: $700M

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