Gecina signs a new lease for 2,700 sq.m, taking l1ve’s pre-letting rate up to 87%
Gecina has signed an off-plan lease with a major international recruitment firm for 2,700 sq.m of the Pergolèse building, which is an integral part of the l1ve real estate complex at 75 avenue de la Grande Armée in Paris’ 16th arrondissement.
L1ve - rue de Pergolèse
This new lease, for a firm nine-year period, covers part of the building at 6/8 rue de Pergolèse. The space will be made available to the tenant when the building is delivered mid-2022.
L1ve’s redevelopment is being led by the architects Baumschlager Eberle Architekten in line with an ambitious and groundbreaking circular economy approach at the heart of Paris. More than 81 tons of materials have been reused, making it possible to avoid 394 tons of CO2 emissions.
On the major Concorde, Place de l'Étoile, Grande Armée and La Défense corridor, this 33,500 sq.m complex stands out through its architecture and the quality of its spaces: retaining the monumental structure of its vast ground-floor gallery and its facade with its standout motif, this is a unique building in Paris.
In 2022, l1ve will also welcome Boston Consulting Group’s French headquarters.
This latest transaction confirms the appetite among businesses for high-quality buildings located at the heart of Paris. Gecina is continuing to improve the pre-letting of its development pipeline, with 58% of the operations scheduled for delivery in 2021 and 2022 now let.
Romain Veber, Executive Director Investment & Development: “We are delighted to sign this latest lease. It recognizes our value proposition with YouFirst, our client-centric brand, which is embodied by l1ve. Its innovative redevelopment in line with a circular economy approach combined with the quality of its spaces and its extensive services help make this real estate complex a living space and modern work tool with a strong focus on wellbeing, collaboration and performance”.
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Paris, France, December 3, 2019