Swiss Life has taken a lease at Vasco de Gama, 133 / 149  rue Victor Hugo in Levallois Perret’s, representing the second largest leasing deal in the business district this year.  The area is located to the West of Paris.

The property complex, owned by RREEF Investment GmbH,  comprises a total of 17,000 sq m (182,992 sq ft) and Swiss Life has taken 10,000 sq m (107,642 sq ft).  Swiss Life will accommodate buildings B/C comprising 6,907 sq m (74,348 sq ft) of refurbished office space (including 434 sq m/4,671 sq ft of storage) and 100 parking spaces.  In addition they will occupy building D which consists 2 ,577 sq m (27,739 sq ft) refurbished office space 119 sq m (1,280 sq ft) storage and 40 parking spaces. 

Hervé Blanchet, head of Savills France, says: “This deal is the second biggest transaction in Levallois Perret since the beginning of the year.  It involved relocating an existing tenant to allow Swiss life to occupy this space and demonstrates excellent collaboration between agents for the benefit of their clients.”

Savills advised Swiss Life acting with Swiss Life Immobilier at Building B/C and CBRE represented the client working with Swiss Life Immobilier at Building D.  Swiss Life Immobilier also acts as portfolio property manager for Swiss Life.

RREEF Investment GmbH is a subsidiary of  RREEF fund owned by Deutsche Bank.