STAM Europe leases Prime office asset in Paris

PariSquare, a 24,000 sqm new office campus in the heart of the 11th district in central Paris, is now fully leased to Publicis Groupe. Publicis Groupe is the third largest advertising group in the world with over €7 billion of revenues.

Located near La Bastille, in a hip IT & communications district of Paris, the property develops 20,300 sqm of offices, a company restaurant, terraces with exceptional views of Paris, an underground parking and 1,600 sqm of retail space on the ground floor.

STAM Europe has negotiated and signed a 10-year lease with Publicis Groupe, at market rents, and the retail space is leased to SEMAEST, a public urban development company, on a long lease.

STAM Europe is proud to have successfully executed this ambitious conversion program of an old parking garage into a modern inner-city office campus with a high energy efficiency performance.

This investment highlights STAM’s know-how and is a good example of the manufacturing to core strategy that STAM wishes to reproduce in the Paris market going forward.

Source : STAM