Fairway advised GCI and Eternam in the financing of the joint venture acquisition of  a 4,600 sq.m. historic office complex located near the Opera (Paris 2th). The 8-story building, whose façade is listed as a historical monument, comprises 3,000 square meters of office space and 1,600 square meters of basement space.

The asset is being sold vacant, in its current state, for a price of €58.3 million net of sales.

“This acquisition is in line with our strategy to position ourselves on exceptional assets, particularly well served by public transport and requiring redesign to meet the latest market standards. With our experience and success in the Opera sector, we are confident that this asset will attract high profile users. We are delighted to enter into a new partnership with Eternam, a leading real estate player with whom we share the same vision,” said Raphael Raingold, Managing Partner of GCI.

“This transaction is an excellent opportunity for Eternam to strengthen its exposure in the CBD. This property, by its positioning, history and architecture, has all the qualities required to be a success. We are pleased to be able to revitalize this asset with GCI, an internationally renowned player in the Paris office sector,” said Jonathan Donio, Chief Operating Officer of Eternam.