Nuveen Real Estate acquires Paris office on behalf of its Cityhold Office Partnership Nuveen Real Estate acquires Paris office on behalf of its Cityhold Office Partnership Submitted 29|06|2021 - 10:45am Nuveen Real Estate, one of the worlds largest real estate investment managers, has acquired an office on rue Jobbé Duval, Paris, on behalf of the Cityhold Office Partnership which it manages. The c7,000 sq m (c75,300 sq ft) property is currently fully let to telecoms provider Orange. The acquisition fits with CHOPs strategy of targeting core and value-add properties in key European Tier 1 cities, with potential for renovation in future, also supported by the citys low vacancy rate and lack of short-term supply. The property, which was built in the 1930s, is set over six floors, with a significant roof terrace on the top floor offering views over Paris, including the Sacré-Cur and the Eiffel Tower. It benefits from an attractive industrial-style façade and is located in the15th arrondissement, south-west of Paris. Liz Sworn, Fund Manager at Nuveen Real Estate, says: We are pleased to have been able to acquire this asset in Paris, that offers a strong tenant covenant and potential for future improvements.