SEDCO Capital partners with Inovalis Group to acquire the Convergence Building in Rueil-Malmaison, Paris
Jeddah, January 21 2020: SEDCO Capital is pleased to announce that it has partnered with Inovalis Group to acquire the Convergence building in Rueil-Malmaison, the extension of Paris La Défense, which boasts more than 25 000m² of office space and is fully let to Danone.
The development of the Convergence building was launched by Inovalis in 2005 when it acquired full ownership of the site and commenced the demolition of the existing obsolete building in view of the development of this large-scale project carried out in association with sustainable real estate developer Pitch Promotion. Work began the fall of 2018 and is projected to complete in May 2020.
The site, situated at 17-19 rue des Deux Gares, has excellent access to transport links and is only a few metres from an RER A station and three minutes from the A86. The building has seven floors and will provide 24,997m² of office and services space as well as 255m² of retail space. Two levels of parking offer 330 parking spaces.
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