Fairway advised the joint venture formed by Primonial REIM, La Française and EDF invest on the project of acquisition from UNIBAIL-RODAMCO-WESTFIELD of the “Shift” office building, Nestlé’s headquarters in Issy-les-Moulineaux (92). The promise of sale was signed in early October pending final signature in early 2021, after the usual conditions precedent were lifted.
With a surface area of more than 47,000 sq.m spread over 7 floors, the Shift building offers exceptional services and facilities: 4,000 sq.m of efficient floor space, 1,200 sq.m of meeting space, 3,000 sq.m of collaborative space, a “Food Hall” offering a catering service based on different concepts, 1,800 sq.m of private terraces, loggias and balconies accessible on each floor and a 2,600 sq.m green roof terrace including an alternative work space.
Designed in 1990, the building was completely restructured and delivered in February 2020. It was designed by the Arte Charpentier Architectes agency around an open living space offering its occupants a unique comfort and work experience.
The real estate complex benefits from a high visibility thanks to its location on the edge of the “boulevard périphérique” and its double address in Issy-Moulineaux and Paris 15th. Located in the “Croissant Ouest”, an established tertiary sector attracting major international companies, government agencies and local services, the property is perfectly served by public transportation and is also easily accessible by road.
Grégory FRAPET, Chairman of the Executive Board of Primonial REIM, said in the press release : “The Shift building is a remarkable building that meets the best international standards in terms of environmental performance, architectural quality and services offered to users. Through this acquisition, alongside La Française and EDF Invest, Primonial REIM once again demonstrates its ability to source, structure and sign emblematic first-rate transactions on the largest European real estate market and to pursue its development strategy, based on a selective approach to investments that aimed at sustainable returns over the long term. »