Malesherbes

Rationale and achievements

Opportunity to acquire two adjacent stone Haussmannian buildings located in a highly valued residential environment, particularly sought after by families in the 17th arrondissement of Paris. The complex is approximately 70% let at acquisition and presents several opportunities for value creation.

The construction of additional apartments in the historic service rooms’ area, the division of larger, 200 sqm plus, apartments into 2 separate smaller and more liquid ones and the lease-up of vacant units.

STAM will seek to increase the occupancy of the whole asset and to benefit from a resilient cash flow while actively managing the rent roll.

  • Location Boulevard Malesherbes, Paris 17
  • Type Residential
  • Surface/Units 9,800 sqm / 55 apartments
  • Acquisition date December 2018
  • Client European Institutional Investors (Opera Fund)
  • Status On-going
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