Pictet and Immobel acquire office property in Paris-Opera district for redevelopment

BRUSSELS: Pictet Alternative Advisors and Immobel have acquired 4,500 sqm office property located in the Paris-Opera district, in an off-market transaction. The asset, located at 73 Rue de Richelieu in the 2nd arrondissement, currently sits fully vacant after the previous long-term tenant vacated its premises in 2020 offering a significant redevelopment opportunity in one of…