The 41,000 sq.m. mixed-use property is strategically located on Place du Trocadéro, directly opposite the Palais de Chaillot in Paris’ 16th arrondissement. Originally constructed in 1913 by Société Générale as a bank headquarters, the building was converted into a multi-tenant complex in the early 1990s. Union Investment acquired the asset in 2003 for €284 million.
The transaction, concluded at a price above the property's most recent valuation following the signing, delivered outstanding returns over Union Investment’s 22-year holding period. It also marks the third successful divestment of a major long-held asset from the German fund manager’s open-ended real estate funds—each held for over two decades.
