Sale of the Kosmo office building by ALTAREA COGEDIM

Altarea Cogedim announces the sale to Société Générale Insurance, of KOSMO, an office building with 27,000m2 of floor space in Neuilly-sur-Seine, opposite Paris-La Défense, on behalf of SOGECAP. Until now this asset was owned by the AltaFund investment fund which is managed and sponsored by the Altarea Cogedim group.

Conceived by Altarea Cogedim and architects Laure Mériaud and Simon Rodriguez-Pagès of Ateliers 2/3/4 KOSMO will redefine the gateway into the town of Neuilly. Upon delivery, scheduled for the end of 2018, Kosmo will house the future headquarters of Parfums Christian Dior.

The project involves connecting two separate offices with an interior "street" providing access to the service spaces located in the base. In total over 27,000m2 in area will be restructured with landscaped areas and facilities such as: a new double-height reception hall on avenue Charles de Gaulle, reception spaces, a show-room, 2,500 m² of planted balconies and terraces, floor-to-ceiling glazed walls to take advantage of 360° views of the city, the Seine and La Défense.

Kosmo is aiming for "NF Bâtiment Tertiaire rénovation" certification with an Excellent passport, the "BBC-Effinergie Rénovation" energy label and BREAM certification with an "Excellent" rating.

"We are particularly proud of this transaction which demonstrates the Group's ability to deliver attractive developments both for major users and for investors. Kosmo is illustrates our convictions about the future of offices perfectly. Integrated in its environment and the surrounding urban fabric, this development will offer the employees who will work there unique working conditions to suit new habits" explains Adrien Blanc, Chairman of Altarea Cogedim Entreprise.

Yann Briand, Real Estate Director at Société Générale Insurance said: "The acquisition of Kosmo is representative of the property strategy developed by Société Générale Insurance, targeting high-quality, environmentally-friendly assets in recognised markets, and focusing on the quality of work spaces for the comfort of future occupants",

Société Générale Insurance was advised by SG Real Estate Advisory, White & Case, Wargny-Katz, Mazars and ARC for this transaction. Altarea Cogedim was advised by JLL, Stratégies & Corp, Depardieu Brocas Maffei, Clifford Chance and Cheuvreux.