Osborne Clarke advises Hestia IM on the acquisition of the 23 Taitbout and 134 Faubourg Saint-Honoré buildings

Osborne Clarke assisted Hestia IM, an investment management boutique, in the acquisition of the 23 Taitbout (Paris 9ᵉ) and 134 Faubourg Saint-Honoré (Paris 8ᵉ) buildings.

These two mixed-use office/retail assets, strategically located in the heart of Paris, strengthen Hestia IM’s portfolio as it continues its investment strategy focused on value creation.

Transaction details:
• 23 Taitbout: A 2,653 sqm mixed-use building, housing the Club Haussmann, previously owned by CNP Assurances (managed by AEW).
• 134 Faubourg Saint-Honoré: A 1,810 sqm asset, acquired from Pimco Prime Real Estate,following a competitive bidding process.
With these acquisitions, Hestia IM reaffirms its commitment to the Parisian market, targeting prime locations with high potential for value enhancement.

Hestia IM was advised by Osborne Clarke’s Real Estate team, with:

• François-Régis Fabre-Falret (Partner) and Julia Gaspard (Counsel) on the entire transaction.
• Stéphane Catays (Partner) and Alexandra Alaurent (Associate) on the acquisition of 134 Faubourg Saint-Honoré.