The Paris Bourse is prominently positioned at the corner of rue Reaumur and rue Montmarte in the 2nd arrondissement. The property is located in the heart of the financial district of Paris, opposite the Paris Stock Exchange. Financial occupiers dominate the area and include the Stock Exchange Authority, Credit Lyonnais, various government institutions and Banque de France, which occupies a number of buildings in the area.
The building was fully redeveloped in 1994 behind the listed Haussmannian façade and comprises 8 interlinked buildings. It provides 32,229 sqm of accommodation, including 27,173 sqm of office space and 391 underground car spaces.
Paris Bourse is one of the 5-8 trophy properties in the Paris CBD.
The property is leased to 15 tenants, but three of these generate 87% of the rental income; Natexis (59% with lease expiry in 2014), Banque de France (11% with lease expiry in 2013) and Euroclear (17% with lease expiry in 2013). The property is now fully leased, except for 56 car parks.
Natexis Immo Exploitation is a 100% subsidiary of Natexis-Banques-Populaires Group, and has 6.6 million clients and more than 2,600 agencies. It is one of the top banking institutions in France, is listed on the Paris Stock Exchange and is active in financing, investment and banking services. It employs approximately 12,000 people in 260 locations worldwide, and generated a turnover of €2.7 billion in 2004. The Natexis-Banques-Populaires Group currently has a credit rating from Moody’s of Aa3.
Euroclear is the world’s premier provider settlement systems for domestic and international securities transactions, covering bonds, equities and investments funds, in more than 80 countries.
The Banque de France, under the guidance of the European Central Bank, ensures the smooth circulation of banknotes and coins, monitors financial markets and oversees payment systems. It also offers the analysis of company’s financial situation.
Tishman Speyer will undertake the property management of the building beginning January 2007.