Paris, 18 May 2017

Located in the 19th arrondissement of Paris, the Tempo building will extend over 17,000m² and provide 114 car parking places. This eight-storey office block, acquired in a sale-before-completion transaction (VEFA) by CNP Assurances in June 2015, is due to be delivered in early July 2017. Ideally located next to the new Rosa Parks multi-modal station, connecting to Gare du Nord in four minutes and Saint-Lazare in seven minutes, Tempo also offers direct access to the road network leading to the main destinations in the Île-de-France region.

Following the acquisition of this speculative development, CNP Assurances concluded a lease agreement at the beginning of this year with publishing group

Média-Participations (the fourth largest publishing company in France), signing a fixed 12-year lease for the entire TEMPO building.

As a responsible investor, CNP Assurances has signed a Charter for energy efficiency in office buildings and committed to making a 20% reduction in the energy consumption of its property assets by 2020. This new investment forms part of the efforts to meet this objective, observing the most stringent environmental standards.

For the whole of this transaction, CNP Assurances was advised by AEW as investment advisor and asset manager. AEW, a subsidiary of Natixis Global Asset Management, is one of the world leaders in the investment and management of property assets, with more than €60 billion in assets under management worldwide. Bird & Bird provided legal assistance to CNP Assurances. Média Participations was advised by Parella and Maître Grault.

Designed by the architecture firm Ateliers 2/3/4, Tempo's ergonomic spaces and technical services mean it enjoys high environmental performance, as demonstrated by the energy-efficiency labels it has been awarded (French HQE, BREEAM and Effinergie).

CBRE acted as the broker for this joint exclusive mandate with BNP Paribas Real Estate.

  • Download the press release

CNP Assurances SA published this content on 18 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2017 10:33:26 UTC.

Original documenthttp://www.cnp.fr/en/Journalist/All-our-press-releases/2017/The-Tempo-building-acquired-in-a-sale-before-completion-transaction-VEFA-by-CNP-Assurances-on-the-advice-of-AEW-is-exclusively-leased-to-Media-Participations

Public permalinkhttp://www.publicnow.com/view/C8AB5C56DB68AACF7F5D4B01EBEA4D4B7AC22FAC