Urbia, office, Paris region

Rationale and achievements

This 16,500 sqm brand new office building was acquired from a listed SIIC which was forced to sell by its bank. The property, located in Clichy, a northern inner rim submarket of Paris, benefits from good access to public transportation and was fully rented at the time of acquisition to the SNCF with a 6-year fixed term lease.

STAM obtained the LEED environmental building certification and worked closely with the tenant to obtain a BREAM In-Use International certification.

STAM also re-geared the SNCF lease to increase its term (6-year firm) prior to selling the property in 2015 to a long term US investor.

  • Location Clichy
  • Type Office
  • Surface 16,500 sqm
  • Acquisition date May 2009
  • Sale date September 2015
  • Value creation strategy Heavily structured transaction, re-gearing of the lease and BREAM In-Use
  • Tenant SNCF
  • Client STAM REI III
  • Status Realized