TOKO

— Paris, France

Portfolio Project

Asset type:

Office & Residential

Square metres:

8,400 sq m

Architect

Franklin Azzi

Key Occupants

Webhelp & Colonies

Disposition Date

September 2020

Mixed-Use Building Located on Rue d'Héliopolis

TOKO, a mixed-use building located on rue d’Héliopolis in the 17th arrondissement of Paris was bought at the end of 2018 by Assembly, on behalf of MARK and was redeveloped in collaboration with the architect Franklin Azzi.

The former 1980’s office building was converted into a mixed use complex comprising 900 sq m of new generation housing (co-living) and 7,500 sq m of prime work spaces.

The building is fully leased to Webhelp, a specialist in customer experience management and Colonies who are creating their first Parisian co-living space, a new form of shared urban living, with high-quality common and outdoor areas.

We managed to acquire a quality asset with strong value-add potential thanks to the strength of our local on-the-ground Paris team. The successful pre-leasing of both the residential and commercial components at TOKO, combined with the disposal, together demonstrate the power and benefit of investing significantly into high quality design and branding for an asset. This project also underlines our ability to successfully repurpose existing assets in core European city markets.

Marcus Meijer, CEO of Meyer Bergman