Blackstone and Hines are battling it out for a stunning piece of Parisian real estate. The CityQuartier Trocadéro, a century-old landmark in the city’s posh 16th arrondissement, carries a hefty €700 million price tag. Built in 1913, this 444,000-square-foot trophy asset boasts luxury apartments, offices, and cafes with a pristine 98% occupancy rate. Union Investment kicked off the sale in March 2025, and with offers under €650 million off the table, this bidding war‘s just heating up.
Global investment giant Blackstone is setting its sights on a glittering prize in the City of Light – the historic CityQuartier Trocadéro. The century-old Parisian landmark, valued at a whopping €700 million ($800 million), has caught the attention of deep-pocketed investors worldwide, with Blackstone making the final cut alongside real estate powerhouse Hines.
Located in Paris’s swanky 16th arrondissement near the Arc de Triomphe, this 444,000-square-foot beauty isn’t your average office block. Built in 1913, it’s got the works – luxury apartments, offices, cafes, and enough historical charm to make architecture buffs swoon.
A historic gem in Paris’s elite 16th district, blending Parisian grandeur with modern luxury steps from the Arc de Triomphe.
Once home to Societe Generale before Union Investment snagged it in 2003, this trophy asset is now up for grabs in one of Europe’s biggest office deals since the pandemic. The building boasts an impressive 98% occupancy rate with high-profile tenants adding to its appeal.
The timing couldn’t be more interesting. While office properties across Europe took a beating during the work-from-home revolution, prime locations like this are making a comeback. Return-to-office mandates have helped, and investors are falling over themselves for landmark properties in top-tier cities.
The market’s certainly paying attention. Blackstone’s involvement sent its trading volume soaring by 51.89% on June 6, 2025, hitting $516 million. The company’s share price jumped 1.95% – not too shabby for a day’s work. Clearly, Wall Street likes what it sees.
Union Investment kicked off the sale in March 2025, and it’s turned into quite the showdown. Commerz Real already got knocked out of the running, leaving Blackstone and Hines to duke it out. The sellers have made it clear that any offers below 650 million euros won’t even be considered.
The property’s mixed-use profile, featuring 57 luxury apartments alongside premium office space, makes it a particularly juicy target. For Blackstone, this potential acquisition fits perfectly into their strategy of nabbing prime real estate in key global markets.
And let’s face it – when it comes to trophy buildings, they don’t get much more trophy-like than a century-old Parisian landmark next to the Arc de Triomphe.
