Patrizia GewerbeInvest KAG has concluded a rental agreement for 10,000 m2 with Natixis in Paris. Natixis, the investment bank of the French savings banks (Caisse d’Epargne) and cooperative banks (Banques Populaires), is extending its rental agreement for a further nine years.

The rental property dates from 1988 and is designed with two autonomous structures with nine floors each. It is located in Charenton le Pont in the Val de Marne, a short distance from the Paris city limits of the 12rh Arrondissement. The property is situated in a typical back office location.

The property is part of the portfolio of the LB Büro-Invest Europa I special fund and, with the continuation of the Natixis rental agreement, is fully rented. The LB Büro-Invest Europa I special fund comprises real estate assets of EUR 281 mln and invests in high-quality office buildings in Germany, France, Finland and Hungary.

Patrizia, a German listed real estate company, manages a portfolio valued at EUR 5 bn.