Global Gate has successfully acquired a residential building in the 16th arrondissement of Paris, enhancing its global real estate portfolio through a partnership with Trustone REIM.

Information on the Target

The newly acquired asset is a prominent residential building located on rue de la Faisanderie in the prestigious 16th arrondissement of Paris. This six-story structure encompasses over 1,400 square meters of lettable space, comprising 14 residential units. The 16th arrondissement is recognized for its attractive living conditions, making it a sought-after area particularly favored by families.

Industry Overview in France

France's real estate market, particularly in Paris, has witnessed significant growth over the past decade, becoming a key player in the European real estate sector. The residential property market has seen a steady increase in demand, fueled by both domestic and international investors. The strategic location of Paris enhances its appeal, offering proximity to various amenities and cultural attractions.

The 16th arrondissement, where this acquisition is situated, is known for its affluent demographic and high-quality living spaces. This area features numerous parks, schools, and recreational are