"KanAm Grund Group Development Insights" - Project update "35 Marbeuf"
Historic Charm and Modern Sustainability in the Heart of the French Capital
“35 Marbeuf” benefits from its exceptional location within Paris Central Business District (CBD), the economic center of the French capital, widely regarded as one of Europe’s most prestigious commercial environments. Situated between Avenue des Champs Élysées, Avenue George V, and Avenue Montaigne, the Golden Triangle is internationally recognized for its concentration of luxury brands, financial institutions, international law firms, and corporate headquarters. The location also offers excellent connectivity, with several metro lines within walking distance providing direct links to major business hubs, transport nodes and international airports.
Sophisticated Refurbishment of “35 Marbeuf” and the Objectives Behind It
Originally built in 1880 in the distinctive Haussmann architectural style that characterizes much of central Paris, the property reflects the historic urban development of the Golden Triangle, a district that still stands for style, innovation, and urban vitality today.
Over time, the building evolved from its original residential use into a mixed-use configuration combinig residential, retail and office functions. Recognizing the strong potential of the asset and the growing demand for high-quality, sustainable office space in Paris CBD, KanAm Grund Group acquired “35 Marbeuf” for a specialized real estate fund on behalf of a North German pension fund manager.
From the outset, the objective was to reposition the building into a premium office property while preserving its historic character and architectural identity. Following the acquisition, KanAm Grund Group successfully completed the administrative and planning procedures required to convert the building into a fully commercial scheme and to implement a comprehensive redevelopment concept.
The approved restructuring program allows for the complete modernization of the property while maintaining its heritage-protected appearance and integrating state-of-the-art technical infrastructure and ESG features expected by today’s tenants.
In close collaboration with the Paris-based architectural firm Studio Vincent Eschalier, an architectural and interior design concept was developed that harmoniously connects historic substance with contemporary, bright, flexible workspace functionality. Particular attention was paid to preserving the building’s original decorative elements - including ornamental plasterwork, wood paneling, parquet flooring, and fireplaces – which were carefully restored and complemented by bespoke modern design features.
Technical systems were discreetly integrated to preserve generous ceiling heights of up to 3.5 meters and maintain the building’s classical spatial proportions.
The result is a state of the art working environment that meet modern occupier requirements infused with historic character.
The listed landmark comprises seven floors including a basement and offers approximately 2,800 square meters of total space.
The floor plan is designed for flexible use: the ground floor features representative entrances and retail areas that enhance the building’s visibility and urban integration, while the upper floors provide highly adaptable office layouts suitable for both single-tenant and multi-tenant configurations.
A landscaped inner courtyard creates a serene oasis within the dense urban setting, ensuring natural light reaches all floors of the building. The redevelopment also includes meeting rooms on each level, daylight filled lounges, bicycle parking combined with locker rooms and showers, and a modern reception area.
Up to 290 people benefit from bright, open work environments that enhance productivity, collaboration and well being.
On the ground floor, a social hub with a bar and café encourages interaction among tenants and supports a modern workplace culture.
Throughout the refurbishment, KanAm Grund Group placed particular emphasis on energy efficiency, resource conservation, and user comfort. The building is set to achieve BREEAM “Very Good” and WiredScore Silver certifications, reflecting its high ESG standards.
The sustainability strategy includes connection to the Paris district heating and cooling network, an intelligent Building Management System (BMS), the use of bio based materials, a rainwater collection and reuse system, and common areas designed to promote health and well being. In addition, modern communication and IT infrastructure ensures high speed, secure connectivity that supports today’s digital business needs.
Holistic and Sustainable Execution of Real Estate Developments
At KanAm Grund Group, every development follows a holistic and sustainable approach that considers the entire life cycle of a property – from acquisition and planning through construction and long term value optimization.
With a development volume of approximately Euro 8 billion, the company places strong emphasis on quality, cost efficiency, and and time management – all key factors for the economic success of projects on behalf of its investors.
While strategic and operational decisions are managed centrally from the company’s headquarters in Frankfurt am Main, local teams in key European markets, such as Paris, play an essential role in project implementation.
This integrated management approach ensures effective control throughout all project phases and guarantees compliance with the highest technical, legal, and economic standards.
In addition, KanAm Grund Group integrates ecological sustainability and social responsibility into every development, creating properties that endure and make a positive contribution to the urban environment – as exemplified by the “35 Marbeuf” project in Paris.
“35 Marbeuf” as an Expression of KanAm Grund Group’s Holistic Development Expertise
“35 Marbeuf” exemplifies KanAm Grund Group’s development expertise and strong local presence in the French market. The project brings together architectural heritage, innovative sustainability, and functional excellence, making it a flagship example of sensitive building transformation within the premium segment of Paris’s Central Business District (CBD).
Our detailed services in the realization of “35 Marbeuf” can be divided into four key phases:
1. Acquisition and Investment Services
Within the “35 Marbeuf” project, KanAm Grund Group assumed full responsibility for identifying, structuring and executing the acquisition of the asset. This included comprehensive commercial, technical and legal due diligence, detailed market analysis, and the assessment of repositioning potential within Paris’s Central Business District.
The acquisition strategy focused on unlocking the building’s long-term value through a full repositioning from a mixed-use configuration to a high-quality office and retail asset. KanAm Grund Group led negotiations with sellers and stakeholders, structured the investment framework and ensuring an efficient transaction process aligned with the investor’s return and risk profile. The company’s long-standing presence and local market expertise in Paris played a decisive role in identifying and successfully securing this prime redevelopment opportunity.
2. Fund Management Services
KanAm Grund Group ensured comprehensive fund management throughout all stages of the investment lifecycle. Responsibilities included strategic oversight of the asset within the fund structure, continuous performance monitoring and financial controlling.
The company maintained full regulatory compliance and reporting transparency while managing treasury functions and optimizing capital deployment during the redevelopment phase.
Through proactive asset and risk management, the KanAm Grund Group ensures the stability of its investments, enhances long-term value creation, and maximizes the return potential for its institutional investors.
3. Project Monitoring and Development Management
KanAm Grund Group was responsible for the overall development management and monitoring of the comprehensive restructuring program of “35 Marbeuf”. Working closely with the Paris-based architectural firm Studio Vincent Eschalier, the development team oversaw the planning, permitting and execution phases of the project.
The company successfully managed the administrative procedures required to obtain building permits allowing for the complete transformation of the property into a fully commercial office. Throughout the development process, KanAm Grund Group coordinated all project stakeholders and ensured control over costs, timelines and quality standards.
Particular emphasis was placed on balancing heritage preservation with modern technical and sustainability requirements. The development team supervised the integration of advanced building systems, ESG measures and workplace concepts while ensuring that the historic Haussmann architecture and listed building elements were carefully restored and preserved. Continuous monitoring and transparent reporting ensured the successful delivery of the project in line with investor expectations and market requirements.
4. Exit Strategy
KanAm Grund Group supports the asset throughout its stabilization and leasing phase while continuously evaluating long-term holding and exit scenarios. Even during the redevelopment stage, various strategic options were assessed, including potential disposal strategies and long-term core holding approaches.
The repositioning of “35 Marbeuf” as a premium ESG-compliant office asset in one of Europe’s most sought-after business locations significantly enhances its long-term value and market liquidity. KanAm Grund Group’s forward-looking asset strategy aims to identify the optimal timing and structure for a potential exit, ensuring the realization of value appreciation while maintaining flexibility to respond to evolving market conditions and investor objectives.
Compelling Reasons for the Development …
What made the refurbishment and repositioning worthwhile?
+ Prime location in Paris’s Central Business District
“35 Marbeuf” is located within the renowned Golden Triangle - one of the most sought after business districts in Europe.
Its central position between the Avenue des Champs Élysées, Avenue George V, and Avenue Montaigne ensures visibility, prestige, and proximity to leading international companies.
+ Historic architecture with exceptional potential
The Haussmann style building, constructed in 1880, provided an ideal foundation to harmonize architectural heritage with modern functionality.
Its careful repositioning created a long term, value stable investment with significant urban appeal.
+ Strong demand for high quality, sustainable office space
In Paris’s CBD, demand continues to grow for energy efficient refurbished properties.
With its modern features and BREEAM “Very Good” certification, “35 Marbeuf” meets the expectations of discerning tenants and institutional investors alike.
+ Leveraging local expertise and presence
Since 2005, KanAm Grund Group has maintained its own branch office in Paris.
The local team’s deep market knowledge, strong network and efficient implementation of development strategies.
Further Development Opportunities Under Review
In addition to managing and advancing its existing projects, KanAm Grund Group continuously evaluates potential new development opportunities. The company is interested in properties and projects with an equity volume of approximately 10 to 50 million euros. In addition to office properties, the focus also includes hotels and serviced apartments in Germany’s Top 7 cities, economically strong metropolitan regions, and across the wider European market. Key selection criteria include central locations with excellent connectivity as well as existing or short term achievable building rights.
In addition, the company continuously reviews potential refurbishment and repositioning opportunities.
You can reach us at: development@at@myownproviderkanam-grund-group..de.de