Immobel announces the successful closing of the sale of its office building at 16 rue Saint-Antoine in the heart of the Paris Marais, just 150 metres from Place des Vosges. The property, fully owned by Immobel and leased earlier this year to Red Bull France, has been acquired by CNBF (Caisse Nationale des Barreaux Français), the pension fund of French lawyers and a long-term institutional investor in real estate.
Originally a multi-storey parking facility, the building has been fully transformed by Immobel into 4,300 m² of modern, flexible workspace. The redevelopment required a complete rethinking of the structure - opening up volumes, introducing natural light, improving circulation and integrating new technical systems - to convert a previously utilitarian building into a dynamic workplace. Today, the property serves as a central hub for Red Bull France's teams, who were drawn to the building's energy, accessibility and contemporary layout.
The combination of a fully refurbished property, a well-established international tenant and an exceptionally central micro-location in le Marais made the asset a natural fit for CNBF. The building's suite of certifications - BREEAM Excellent, HQE Excellent, Osmose, BBCA and WiredScore Silver - further supports Immobel's commitment to sustainable and future-proof projects.
From a capital markets standpoint, the transaction illustrates the continued liquidity for prime Paris office assets with resilient rental profiles. Even in a selective market environment, institutional investors remain active when opportunities offer the right blend of tenant strength, ESG alignment and long-term value preservation.
It is also the largest office transaction completed by Immobel in the past three years, underscoring the strategic significance of the deal for the Group. The sale will have a positive impact on the Group's 2025 financial results and demonstrates, once again, the company's ability to unlock value by converting underused structures into high-performing assets that satisfy both occupiers' needs and investors' long-term strategies.