September 21, 2020
SFO Group and its partner L’Etoile Properties have signed a lease agreement for the entire building at Hoche 17 with Avisa Partners, which will occupy the building upon delivery in July2021.
Avisa Partners, headed by Matthieu Creux, is a company at the cutting-edge of economic intelligence and cybersecurity, which counts high-level personalities within its partners and its strategic committee and aims to establish itself as the European leader in its field through its ambitious development plan backed by investment company RAISE Investissement.
SFO Group and its partner L’Etoile Properties acquired Hoche 17, located on the prestigious and emblematic Avenue Hoche, Paris with the view of repositioning the building and transforming it into a high-end prime office building. To that end, Axel Schoenert Architectes were appointed to redesign the 2,448 sqm project by offering a refurbished façade, outdoor spaces, bright floors offering great flexibility in layout, and two terraces with 360 degrees views of Paris. In addition, the works will allow the building to obtain BREEAM Good and BBC Rénovation energy certifications.
Commenting on the news, Mohamad Abouchalbak, CEO of SFO Group, said: "We are pleased to welcome Avisa Partners as a tenant at Hoche 17. The successful signing of this lease underpins the strong fundamentals of the Paris office letting market which continues to show its resilience.”
“L’Etoile Properties is thrilled to be able to host the future head office of a company as ambitious and talented as Avisa Partners and to see its conviction of being able to attract such a high-end tenant on this repositioning project come to fruition“ added Guillaume Unglik, director of acquisitions and co-director of asset management at L’Etoile Properties.
SFO Group and its partner L’Etoile Properties were advised by CBRE and JLL as mandated brokers, as well as Baker & Mckenzie as legal counsel. Avisa Partners was advised by Spliit as real estate advisors and Delsol Avocats as legal counsel.
About SFO Group
SFO is a London-based global real estate investor and manager with presence in Paris, Miami and Beirut. SFO focuses on investment opportunities which offer superior risk-adjusted returns and invests in high-quality assets, acquired at attractive valuations, with a clear path to value creation. SFO adopts disciplined investment strategies organized by asset classes and geographies. As of August 2020, SFO has acquired a diversified portfolio comprising more than USD1.2 billion in assets located primarily in the USA and Europe, including 4,500 apartments and more than 4.8 million sqft of commercial real estate under management.