8 November 2023
New acquisition by MIMCO AM of an office building to be repositioned in the 13th arrondissement of Paris, in partnership with ATHMOS Partners
Published
08/11/2023

MIMCO AM has structured a club deal in collaboration with ATHMOS Partners for the acquisition of a repositioned office building located on Rue des Reculettes in the 13th arrondissement of Paris.


Completely independent and co-owned within a real estate complex where other buildings are used for residential purposes, the building boasts an excellent location and excellent access to public transportation, right on the border of the 5th arrondissement, within a vibrant neighborhood that appeals to users.


The office building, with approximately 2,500 square meters of usable space spread across 10 levels, was acquired from Swiss Life Asset Manager and is currently 90% leased to 9 tenants. It also offers an attractive immediate yield with its 10 outdoor parking spaces.


"Situated within a mixed-use tertiary and residential hub of reference, the building has strong fundamentals: efficient floor layouts, a healthy rental situation, and panoramic views of Paris from its upper levels."
Olivier Pioch, Director of Investments at MIMCO AM

“The building also enjoys excellent accessibility, at the foot of Place d’Italie, enabling quick connections to the capital’s main hubs. In a challenging market environment, we are delighted to have positioned ourselves with a quality building that offers significant value appreciation potential.”, says Olivier Pioch, Director of Investments at MIMCO AM.


The virtuous goal of the operation is to carry out improvement works, particularly in terms of energy efficiency, to make the building compliant with tertiary decree requirements.


This investment in the building aligns with MIMCO AM’s strategy, which aims to revitalize and transform real estate assets to create long-term value for our partners and investors. In this operation, MIMCO AM will be accompanied by ATHMOS Partners as the operating partner.


“It is with great satisfaction that we formalize our partnership with the MIMCO group through this initial operation. This acquisition represents a unique opportunity to reposition the building by creating modern, sustainable, and attractive workspaces in a strategic location in Paris.”, highlights Thomas Guyot at ATHMOS Partners.


The MIMCO Group plans to structure additional club deals to meet the expectations of its investors.


We extend our gratitude to all our partners in this acquisition: ATHMOS Partners; Herbert Smith Freehills, the buyer’s advisor; Etude Cheuvreux; and Caisse d’Épargne Île-de-France for financing.


Notre Actualité

06.07.2026

MIMCO announces the official start of construction works at the 48 Notre‑Dame‑des‑Victoires project, located in the 2nd arrondissement of Paris. General contractor PETIT has been on site since April 2026, marking the project's entry into its active construction phase.

Announcement

30.06.2026

MIMCO announces the complete reservation of all apartments in the Santos Townhouse project, located in the sought‑after residential neighbourhood of Santos in Lisbon. This milestone marks the end of the project's commercialisation phase, in line with the initial objectives of the club deal, and paves the way for the investor repayment process.

Announcement

18.06.2026

The MIMCO group is making a strong start to the season by entering directly into 2nd place in the 2026 Gestion de Fortune Rankings, in the Real Estate Private Equity category.

News

21.05.2026

MIMCO Group announces the appointment of Jorge Cunha as Managing Director – Head of Business Development Europe. In this role, Jorge Cunha will be responsible for business development across Europe and for the Group's strategic deployment on the Iberian Peninsula — Spain and Portugal. He will oversee the new offices in Madrid and Lisbon, which are set to open in the near future.

Corporate

Back
Scroll