Singapore, 18 October 2019 – GIC, a global institutional investor, has acquired PB6, a grade-A office tower in Paris.

PB6 is an iconic 40-storey asset with 60,000m2 of prime office space, and is fully leased to EDF. Located in the heart of the La Défense business district in Paris, it offers direct access to multiple amenities and a multi-modal public transport hub. The asset presents attractive value creation opportunities, which GIC expects to capture by investing to enhance the asset and service offering. This is in line with GIC’s strategy, as a long-term investor, to acquire and add value to quality assets in gateway cities.

The asset will be managed by BauMont Real Estate Capital.