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A new prime reference in the Paris CBD

US investment bank Evercore has signed a Befa on 90 Courcelles
Le 90 Courcelles (CoStar)<br>
Le 90 Courcelles (CoStar)
Business Immo
October 29, 2024 | 5:50 P.M.

Translated from French.

As indicated by Colliers France in its latest study on the Paris Region office market, prime rents in Paris CBD continued to rise in Q3 2024. A recent transaction illustrates this trend: that of Evercore, an American investment bank, which signed a Befa on 90 Courcelles with a rent of €1,200/m².

With this transaction, this office asset becomes the new prime reference in the Paris CBD. Located in the 8th arrondissement, the building has been owned since 2022 by the multi-family office Trustone REIM, which had signed it with a Middle Eastern investor. It is the former headquarters of the Neuflize private bank. It is being extensively restructured by Wilmotte & Associés.

" With this signature, we are reaffirming our ambition to make our assets a showcase for our expertise", emphasizes Jean-Philippe Küss, founder and Chairman of Trustone.

Parella advised the American investment bank, set up in 1995 by Roger Altman, former Secretary of the Treasury under President Bill Clinton, on this leasing transaction.