Europa Capital LLP is pleased to announce a major letting at its Tour Vista office tower in Puteaux, Paris. Europa acquired this 15,778 sq. metre modern 22 storey office tower in July this year. The new tenant, Econocom SAS – a leading European provider of services for integrating and financing digital solutions – has signed a lease for three floors in the property, a total of 2,154 sq. metres (together with 60 parking spaces) and will be taking occupation in early December 2013. Tour Vista is now more than 90% leased.
Nic Fox, Partner at Europa Capital and head of investment for France commented: “Our business plan for this investment is underway and includes upgrades and improvements to the property, in particular to the common areas, that support the lease-up programme aimed at stabilising the asset. This early letting, which was in line with our target economic terms, demonstrates the attractiveness of the property to the occupier; a modern office tower with efficient layout and a unique position on the edge of La Defense, providing tenants with uninterrupted and extensive views across Paris.”
Europa Capital was represented by its local manager, Balzac REIM, together with letting agents BNP Paribas Real Estate and Jones Lang La Salle and by its legal representatives, Clifford Chance. The new tenant was represented by DTZ in the process.
For further information, please contact:Gordon Simpson/Charlotte Whitley, RLM Finsbury: + 44 20 7251 3801Nic Fox, Partner and Head of Middle Europe, Europa Capital Partners +44 20 7881 6800
Since 1995, Europa Capital’s Principals have collectively raised 7 real estate funds and committed to over 75 transactions totalling some €7.0 billion across 18 European countries.
The Europa Funds benefit from Europa Capital’s established network of partners across Europe who co-invest in acquisitions made by the Europa Funds. These country and joint venture partner relationships in some cases extend back more than 20 years.
Further information can be found at www.europacapital.com
Europa Capital is a member of The Rockefeller Group (“RGI”). RGI is a strategic investor alongside Management. Europa Capital Partners LLP and Europa Capital LLP are authorised and regulated by the Financial Conduct Authority.