Complete refurbishment and subsequent repositioning of two income producing, technically obsolete office buildings into an institutional Grade A 30,000 square meters office campus
Smart Parc comprises, at the time of acquisition, a 52% leased, 30,000 square meters Western Paris office campus consisting of two buildings. The buildings were acquired from a distressed seller and require extensive refurbishment.
The campus is located in Courbevoie with good access to transport links and where demand is driven by support functions for organisations that require close proximity to La Defense and central Paris.
The business plan is to improve the quality of the buildings with the objective of delivering Grade A- office space at Grade B rents.