SFL pre-leases the Entire Biome Building in Paris to La Banque Postale and SFIL
PARIS–(BUSINESS WIRE)–Regulatory news:
While the delivery of the Biome building is expected for the summer following a major redevelopment project involving nearly 25,000 m², SFL (Paris:FLY), the reference for first-rate Parisian tertiary real estate order, can already announce that La Banque Postale and SFIL will market all of the offices at 112-114 avenue Emile Zola / 52 rue Violet in Paris 15e borough. The transaction covers all office space as well as adjoining facilities such as the staff restaurant, service premises and the congress centre, representing more than 23,000 m².
La Banque Postale, a subsidiary of the La Poste group, and SFIL* are major players in financing the French economy and local authorities. They have signed two ten-year leases and plan to move their teams into the new premises from mid-2023, after completion of the internal configuration work.
The historic headquarters of SMA BTP was acquired by SFL in 2017. The emblematic building dates from the 1960s and is the work of architects Fernand and Francis Leroy, Raymond Lopez and Henry Pottier. Located in a mixed neighborhood with an exceptional quality of life, Biome extends over a 6,000 m² plot, offering the opportunity to build a unique property, exemplary in its environmental ambitions, and a showcase of SFL’s know-how.
One of the first low-carbon BBCA Renovation projects in Paris, Biome is a benchmark in terms of environmental performance. The project had ambitious environmental objectives such as limiting the carbon impact of the materials used, choosing a simple design, reusing original elements and promoting biodiversity by creating spaces planted with regional and varied species.
Jouin Manku (architectural concept and design) and Yrieix Martineau Architecture (YMA) (lead architect) worked together on the extensive remodeling of the complex. They combined their talent and ideas to create the new architecture, emblematic of its district, while placing the energy transition at the heart of the project. The work to redevelop and enhance the outdoor spaces was carried out by landscaper Thierry Laverne.
The project consisted of redeveloping the existing main building to increase the number of work spaces and creating new efficient and more transparent facades overlooking the city, as well as constructing a new building on avenue Emile Zola. A real technical challenge, the new building, equipped with a concrete exoskeleton and an eight-storey inclined plane, is linked to the existing structure by a transparent walkway. The complex has approximately 3,500 m² of outdoor space, unmatched by any other real estate in Paris – including a landscaped garden, terraces with views and numerous balconies.
* The La Poste group and SFIL are subsidiaries of Caisse des Dépôts.
The evolution of the way we work – social life, interaction, quality of life and nature now being the main reasons for coming to the office – has inspired the design of the new spaces. The wide range of equipment offered in the exceptional spaces from the ground floor to the roof terrace contributes to the quality of life and the well-being of the occupants.
Dimitri Boulte, CEO of SFL, commented: “We are very proud to welcome two large French companies which have chosen Biome for their future premises in Paris. At SFL, each of our projects reflects our strong convictions and our ambitions. The newly renovated business center reflects our desire to provide employees with an exclusive and upscale work environment where they will want to come to work, offering multiple experiences throughout the day and opportunities to socialize. and inspire pride in their workplace. Biome is the result of a collective effort between highly talented architects Jouin Manku and Yrieix Martineau. It sets a new benchmark for the district and for Paris as a whole, and the transaction reinforces our unique pure player strategy.”.
Bertrand Cousin, Chief Executive Officer of Corporate and Investment Banking and member of the Management Board of La Banque Postale, said: “The transition to an eco-responsible building with a low environmental impact is above all part of our vocation as a corporate citizen. It also embodies our desire to offer our teams a very attractive working environment on a site that meets the new standards of quality of life at work; Located close to La Banque Postale’s head office, the new site will bring a new dynamic, in particular for the Corporate and Investment Banking teams who will work together in the same premises, alongside the SFIL teams. La Banque Postale consulted La Poste Immobilier for the choice of the new site, which aims to offer a unique employee experience”.
François Laugier, Deputy Chief Executive Officer of SFIL, declared: “Beyond their architectural prowess, the new offices are in tune with the needs of our time and in line with SFIL’s corporate purpose and environmental commitments. The pleasant and efficient work environment will promote teamwork both on site and in hybrid mode, which is now a constant in our practices. The new premises will also create conditions conducive to strengthening the strategic partnership between SFIL and La Banque Postale in financing the local public sector.”.
SFL was advised in the transaction by Ashurst. La Banque Postale and SFIL were advised by La Poste Immobilier, the real estate subsidiary of the La Poste group, and by Depardieu, Brocas and Maffei. The transaction was carried out by CBRE’s transaction teams.
About La Banque Postale
With its subsidiaries, including CNP Assurances, La Banque Postale is a European leader in banking and insurance, ranked 11e in the euro area by balance sheet assets. Its diversified business model allows it to support 20 million individual and business customers with a full range of products accessible to all. A subsidiary of the La Poste group, La Banque Postale offers local banking services through 17,000 contact points, including 7,300 post offices, throughout France. It is also a leader in sustainable finance, ranked among the best in the market by extra-financial rating agencies. Its “La Banque Postale 2030” strategic plan sets out the ambition to become France’s favorite bank, with an integrated and omnichannel offer of banking and insurance services around three distinct brands: La Banque Postale, its daily bank, Ma French Bank, its 100% mobile bank and Louvre Banque Privée, its private bank. As a local bank, La Banque Postale is fully mobilized to shape a just transition towards an economy and a society capable of responding to environmental, social, territorial and digital challenges.
SFIL is a public development bank with two main missions:
– financing of the local public sector in France in partnership with La Banque Postale;
– the refinancing of major export credit contracts guaranteed by the State.
SFIL is the seventh largest French bank by balance sheet and joined the Caisse des Dépôts group in 2020. It has just announced its second strategic plan, #Objectif2026, to support the development of French territories and the economy.
Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its portfolio, valued at €8.1 billion and centered on the Central Business District of Paris (#cloud. paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio made up of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. The oldest property company in France, SFL demonstrates year after year an unfailing commitment to its strategy based on the creation of high usage value for users and, ultimately, substantial appraisal values for its buildings.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook