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When Saint-Lazare yo-yo's between small and XXL

Zoom in on some of the transactions recorded in the Saint-Lazare district since 2021 via an interactive map
By Benoît Léger, Gilles Le Gargasson
Business Immo
March 31, 2025 | 2:00 AM

Translated from French.

As revealed by Business Immo on March 19, the Saint-Lazare district of Paris is set to be the scene of one of the largest office transactions in 2025. Deka Immobilien's Solstys, repeatedly put on the market since 2023, was recently the subject of an exclusive deal signed by Gecina, on a €425 million basis.

Currently vacant, the former Nexity headquarters at 19-21 rue de Vienne covers 32,227 m². When it was first put up for sale, some fifteen bids were received, but these were deemed insufficient by the German investor, who bided his time without abandoning the idea of selling.

This deal - if it goes through - will stimulate the investment market in the Saint-Lazare district, whose geographical limits are not defined in the strict sense of the term by the various district councils. Over the past few years, this area, which may be bordered (more or less loosely) by the boulevards des Batignolles, Malesherbes and Haussmann, as well as the Rue de Clichy and Chaussée-d'Antin, has seen a number of transactions across all asset classes, including the acquisition by Copthorne Hotel Holdings, a subsidiary of City Developments Ltd, of the Hilton Paris Opéra, located just opposite the station. Value: €240m, or €895,522/key.

On the edge of the defined zone is the Aparthotel Adagio Paris Opéra at 43 rue de Caumartin, acquired by CDC Investissement Immobilier from Allianz for €43m. Closer to the railway junction: 5-7-9 rue de Rome, signed in 2024 by SCPI Allianz Pierre with Axa IM Alts; a 2,642 m² office building completed for around €30 million. Another significant deal was the sale of EuroAthènes by DWS to Cipav, which paid over €100 million for this 5,123 m² office property, leased by Hermès. These are just a few examples.

The Saint-Lazare district also offers opportunities at lower cost...

QuarterAssetsAddressSurface areaTypeAmount :Purchaser(s)
1T2 202136 rue de l'Arcade36 rue de l'Arcade, 75008 Paris1 330 m²Office18 M€Monceau Assurances
2T1 202215-19 rue des Mathurins15-19 rue des Mathurins, 75008 Paris5 000 m²Office80 M€Oreima IV(Oreima)
3T1 202226 rue d'Athènes26 rue d'Athènes, 75009 Paris1 072 m²Office20 M€Bertie Albrecht
4T3 202298 Victoire98 rue de la Victoire, 75009 Paris3 000 m²Office54 M€Osae Partners - Alios Développement
5T2 202373 Haussmann73 boulevard Haussmann, 75008 Paris7 200 m²Office100 M€Mapfre - Swiss Life
6T3 2023Le Belleval16 rue de la Pépinière, 75008 Paris2 407,954 m²Hotelsn.c.Madeho
7T4 202331 rue de Berne31 rue de Berne, 75008 Paris800 m²Residential1,3 M€Paris City Hall
8T4 20233 Rue de Liège3 rue de Liège, 75008 Paris1 500 m²Office16 M€Ofi Invest Real Estate
9T1 2024Hilton Opera Paris108 rue Saint-Lazare, 75008 Paris18 339 m²Hotels244 M€City Developments Limited
10T1 2024Aparthotel Adagio Paris Opéra43 rue de Caumartin, 75009 Paris4 500 m²Hotel43 M€CDC Investissement Immobilier
11T2 2024Hôtel Monsieur & Spa62 rue des Mathurins, 75008 Paris1 029 m²HotelsBetween 10 and 15 M€Francam Invest
12T3 20245-7-9 rue de Rome5-7-9 rue de Rome, 75008 Paris1 378 m²Office30 M€SCPI Allianz Pierre (Allianz Immovalor)
13T4 2024EuroAthènes14 rue d'Athenes , 75009 Paris5 122 m²Office100 M€La Cipav
14T4 2024Nowa23 bis rue de Turin392 m²Office5,6 M€ANB Capital

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