Hoche 17 will host the head office of Avisa Partners
SFO Group and its partner L’Etoile Properties have signed a lease agreement for the entire building at Hoche 17 with Avisa Partners, which will occupy the building upon delivery in July 2021.
Avisa Partners, headed by Matthieu Creux, is a company at the cutting-edge of economic intelligence and cybersecurity, which counts high-level personalities within its partners and its strategic committee and aims to establish itself as the European leader in its field through its ambitious development plan backed by investment company RAISE Investissement.
SFO Group and its partner L’Etoile Properties acquired Hoche 17, located on the prestigious and emblematic Avenue Hoche, Paris with the view of repositioning the building and transforming it into a high-end prime office building. To that end, Axel Schoenert Architectes were appointed to redesign the 2,448 sqm project by offering a refurbished façade, outdoor spaces, bright floors offering great flexibility in layout, and two terraces with 360 degrees views of Paris. In addition, the works will allow the building to obtain BREEAM Good and BBC Rénovation energy certifications.
Commenting on the news, Mohamad Abouchalbak, CEO of SFO Group, said: “We are pleased to welcome Avisa Partners as a tenant at Hoche 17. The successful signing of this lease underpins the strong fundamentals of the Paris office letting market which continues to show its resilience.”
“L’Etoile Properties is thrilled to be able to host the future head office of a company as ambitious and talented as Avisa Partners and to see its conviction of being able to attract such a high-end tenant on this repositioning project come to fruition“ added Guillaume Unglik, director of acquisitions and co-director of asset management at L’Etoile Properties.
SFO Group and its partner L’Etoile Properties were advised by CBRE and JLL as mandated brokers, as well as Baker & Mckenzie as legal counsel. Avisa Partners was advised by Spliit as real estate advisors and Delsol Avocats as legal counsel.
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of December 2022, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.1 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9 million square feet of commercial real estate under management.