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We forward sold our latest Parisian office development project, Anatole France 85, to flavour and fragrance manufacturer, Mane. The sale was agreed prior to demolition and redevelopment, delivering strong returns considerably ahead of underwriting.
The site benefits from an excellent location adjacent to Anatole France metro. The new planned building will feature seven floors, a dedicated laboratory with state-of-the-art air quality and a 150 sq m roof terrace with views across Paris.
In addition to exceeding our commercial objectives, the demolition project recycled 90% of waste (over 4,500 tonnes) and utilised fossil-free machinery. The new project will also increase green space on site by over 100 sq m.