Barings buys Paris opera building for more than a song

Barings 9 rue du Helder in Paris

Barings Real Estate has acquired an office building at 9 rue du Helder in Paris, from a private investor as part of its pan-European value-add real estate investment strategy on behalf of institutional investors.

The property, which is currently vacant, comprises 17,222 sq ft split across five floors including a mezzanine level on the ground floor. Barings intends to implement a comprehensive asset management strategy involving the complete refurbishment of the property to a grade A specification. Situated in the ninth arrondissement, the property is in the heart of Paris’ CBD in the Opera sub-district and provides excellent public transport connections through its close proximity to the Opera and the Saint Lazare train stations.

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