Primonial REIM France and Société Générale Assurance acquire Window, RTE’s headquarters

Two new owners for Window. Primonial REIM France (which carries the new Odyssey project) and Société Générale Assurances have just acquired from Oxford Properties Group the Window building nestled on the roof of the Westfield Les 4 Temps shopping center.

Completely restructured between 2016 and 2018 by Groupama Immobilier, this building, erected in 1981, covers nearly 45,000 square meters of offices classified in the “Labor Code” category. Since the end of 2018, it has been welcoming RTE, the operator of the electricity transmission network in France, as the sole tenant under a firm twelve-year lease. That same year, the building was sold by Groupama to Oxford Properties Group in 2018 for € 477 million.

“The acquisition of the Window building is one of the most important transactions in the office property market since the start of the year in terms of volume and once again demonstrates our ability to position ourselves on transactions. large-scale on behalf of our investor clients. This transaction also illustrates our strong convictions in office real estate and our investment strategy, which aims to position ourselves in large headquarters buildings, in the heart of Greater Paris, and occupied by large corporate companies ”, emphasizes Gregory Frapet. , president of Primonial REIM France.

“As a responsible investor, the acquisition of the Window building is fully in line with Societe Generale Assurances’ strategy of favoring high energy efficiency real estate investments”, adds Yann Briand, real estate director of Societe Generale. Insurance.

In this transaction, the amount of which has not been communicated, Primonial REIM France and Société Générale Assurances were advised by the law firm Clifford Chance for the legal part, the Cheuvreux office for the notarial part, ARC for the part technical, Mazars for the accounting part and KPMG for the tax part. This transaction was carried out with BNP Paribas Real Estate. For its part, Oxford Properties was advised by the law firm Lacourte Raquin Tatar for the legal part, the Lasaygues firm for the notarial part, the firm Bredin Prat for the tax part and Denjean for the accounting part.