The office component of a mixed-use complex near Paris, built on the former site of a McDonald’s restaurant, is posting quick office lease-ups by firms reported to include Nocibé, a noted French perfume and cosmetics distributor.
Completed and pending leases at the office building at Emblem, a two-building complex in the northeastern French city of Lille, could bring the building to 90% leased just a few months after the property was taken over by developers Icade Promotion and Groupe Duval.
Sources said Nocibé signed a lease for nearly 4,000 square meters, with another firm specializing in renewable energy in the process of signing a similar-sized lease.
Located in Lille's Euralille business district on Boulevard Carnot, the mixed-use complex has been in development over the past few years to replace a McDonald's restaurant. Emblem includes a 17-story building with 118 residential units, and a nine-story building with about 9,000 square meters of office space.
And just a few months after handover to its current operators, the office building in this mixed-use development appears to be a rental success.
Sources said Nocibé signed a lease for 3,968 square meters at a rent of about €240 per square meter. Founded in Lille in 1984, Nocibé has been owned by the German Douglas Group since 2014.
At least one other office lease negotiation is underway. Sources said a company specializing in renewable energy is in the process of signing a lease for around 4,000 square meters. If successful, the Emblem office building would be more than 90% leased just a few months after its completion in late 2023.
Fifty of the development's residential units were previously sold to the Vilogia Group.