Fairway advised MIMCO and Foncière Renaissance on the completion of the acquisition, through a joint venture, of 91 Avenue des Champs-Élysées in Paris’ 8th district.
Located on one of Paris’ most iconic avenues, the property comprises approximately 4,200 sqm and is currently occupied by several tenants. It also includes vacant areas offering substantial opportunities for tenant mix restructuring and value creation.
MIMCO and Foncière Renaissance intend to implement a repositioning strategy designed to adapt the building to evolving user expectations and new ways of working. Targeted interventions will aim to elevate the asset to Paris’ prime market standards.
The ambition is to transform this landmark property into a leading institutional-grade asset, meeting the highest environmental standards and the expectations of major international occupiers.
