In December 2021, Hines, on behalf of its Hines European Core Fund, acquired La Manufacture in Paris.
Renovated by Moussafir Architecte Associés between 2014 and 2016, the Art Deco building spans 4,783 square meters and is located at the foot of the Montmartre in the 18th arrondissement of Paris. Built in 1922, the historic building is 300 meters from the Anvers metro station and 750 meters from the Gare Du Nord and is located in a commercial, economic, cultural and tourist district in Paris.
La Manufacture's underground and ground floors total 1,200 square meters and are occupied by a fabric sales company and Weill. The three upper floors are leased to a web and mobile application publisher. The fourth and fifth floors covering 959 square meters will soon be available for occupancy providing magnificent views of Montmartre and the Basilica of the Sacred Heart.
*Photos 2 and 3 courtesy of Shoootin.