Crayon Bleu I has acquired a mixed-use building in Pantin, Paris, marking the launch of its urban redevelopment strategy focusing on high-potential assets.

Target Information

Crayon Bleu I has successfully acquired a strategically positioned mixed-use building located at 160 avenue Jean-Lolive in Pantin, situated in the first ring of Paris. This property, encompassing a total area of 6,856 square feet (637 square meters), consists of two retail units and 16 exclusively one-bedroom apartments (T2). This transaction marks the inaugural execution of the "Crayon Bleu" strategy, which focuses on redeveloping high-potential urban assets across leading capitals of Western Europe.

Industry Overview in France

The French real estate market, particularly in urban centers like Paris, has been experiencing a significant transformation fueled by various development initiatives. The neighborhood surrounding the Pantin area is undergoing a notable urban renewal, driven by several programs, including the OPAH-RU urban renovation initiatives. These programs aim to modernize and enhance the urban fabric, making it more attractive to residents and businesses alike.

In addition to the urban renewal programs, the Pantin area benefits from the canal renovation efforts and the ambitious Ourcq-Hoche project. These initiatives are not only improving the local landscape but are also becoming major attract