Fairway advised Arkéa REIM on the club-deal acquisition of the 47 Sèvres buidling, in the 6th arrondissement of Paris, on behalf of Serendip Invest Club 2, its second vehicle dedicated to prestige real estate. The building, a 6,767 sq. m. Haussmann-style stone corner block built in 1906, is located opposite Le Bon Marché. It was previously owned by Axa IM. It comprises 47 apartments, three schools and six shops.

“A renovation of both the private and common areas will be carried out in order to reposition the address as a key player in the upscale Parisian residential market, and will aim in particular to improve the building’s overall energy performance and offer additional services for future residents,” states the press release.

“The acquisition of this emblematic residential building in the heart of one of Paris’s most beautiful districts consolidates our position in the club-deal market specializing in prestige real estate,” says Yann Videcoq, Managing Director of Arkéa REIM.