Deka Immobilien has finalized the sale of a prominent office building in Paris’s prestigious eighth arrondissement to CDC Investissement Immobilier, the property asset management arm of Caisse des Dépôts. This transaction aligns with CDC Investissement Immobilier’s core asset strategy, which emphasizes prime properties with strong environmental credentials and exceptional locations. The sale price remains undisclosed. The Ville l’Évêque office building, spanning 4,900 square meters of leasable space, features a spacious rooftop terrace and 75 parking spaces in an underground garage. Situated in the heart of Paris’s Central Business District, the property benefits from outstanding infrastructure and accessibility. Originally built in 1977 and refurbished in 1996, Deka Immobilien acquired the building in 2000. From 2021 to 2023, the property underwent a comprehensive core renovation following the departure of former tenant Willkie Farr & Gallagher. The building was subsequently repositioned in the market and leased to Simmons & Simmons LLP on a long-term basis at significantly higher rents. The property has earned a “Very Good” rating from BREEAM, the British certification for sustainable construction, as well as high-performance certification under HQE Sustainable Building standards. Deka-ImmobilienEuropa, the open-ended real estate fund managing the property, achieved a notable profit through this transaction. The sale will not only contribute additional cash inflows to the fund but also enhance its capacity to seize new investment opportunities in an evolving market landscape. This latest sale underscores Deka Immobilien’s strategic approach to optimizing portfolio value while meeting investor expectations in a competitive and dynamic real estate market.