PIMCO Prime Real Estate completes redevelopment of 7 George V a prime office asset in Paris’ Golden Triangle

The project has transformed the Haussmann-era building, originally built in 1893, into an HQE Excellent-rated, high-specification prime office asset.

Located in a sub-market notable for a number of high-end fashion and luxury brands, the 4,150 sqm building has been let to a major international fashion group on a long-term lease.

The historic building has undergone a dedicated and sensitive refurbishment program including a complete renovation of the roof and façade. It also improved and emphasised existing elements such as the creation of the highest standard open-work spaces, two glass roofs and the conversion of storage space into services and flex spaces, as part of an overall aim to create one of Paris’s most sophisticated office buildings.

Among a number of achievements, a rare staircase has been fully renovated and extended with the help of a specialist firm with high craftmanship on iron works, while the ground floor has been opened up to include a striking 500 sqm hall. A courtyard, which was previously a car park, has been converted into a large communal space offering a mix of covered areas and green spaces, including a double height botanical wall.  

Sustainability and tenant well-being have been central to the redevelopment. 7 George V is compliant with the CRREM pathway in terms of carbon emissions, meeting the CRREM’s 2040 stranding year goal, and is targeting certifications including BBC Effinergie Renovation, Ready2Services and Smartscore. Furthermore, some materials used have been upcycled in the building in a virtuous approach.

Incorporating the firm’s suit of innovative smart sensors and devices from its Building Signature Program – a proprietary and comprehensive process to define and implement the smart enhancements required for a user-friendly asset – the building provides optimal functionalities, including operating assistance, energy system optimisation, user interface, and service management.

7 George V is the latest in a number of high-specification, value-creating asset management projects which PIMCO Prime Real Estate has completed in Europe over the past few years. Similar projects in Paris include the transformation of 23-29 rue de Châteaudun in the 9th arrondissement into a high-end, 16,000 sqm office complex. Earlier this month, the firm

completed the redevelopment of the new Radisson Collection Hotel Santa Sofia in Milan, which transformed the 1960s office building into a five-star, LEED Gold-certified hotel with strong sustainability credentials.