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TH Real Estate lets space at The Vitalys, Paris

Vitalys

TH Real Estate, on behalf of Horizon French Property Partnership I, has secured a new 12-year lease for 69,965 sq ft (6,500 sq m) to a government organisation, at the Vitalys building, Porte des Lilas, Paris 19th district.

Located in the 19th district, The Vitalys is now fully let to two quality tenants for c. 156,076 sq ft (14,500 sq m) and offers a WAULB of more than 10.5 years from 01 January 2016. The building boasts a HQE certification of Excellent.

Faouzi Maallou, Portfolio Manager at TH Real Estate France, comments: “This letting of the upper part of the property to a renowned French State organization, almost six months after this area was vacated by its previous occupier, highlights the attraction of the Vitalys building, initially entirely pre-let to Presstalis at its completion in 2009. This transaction is also a testament to the liquidity of the letting market at the Porte des Lilas, and a tribute to the successful urban regeneration program led by the Semavip teams, which notably allowed the creation a new tertiary office location in Paris.”

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

Kara Eigl

Kara Eigl

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