Blackstone’s Paris Ambition

Chocs away! It’s an old expression and one that signals the start of a new journey, which is what Blackstone will be hoping for as they bid to buy the CityQuartier Trocadéro building in Paris.

Over a century old and set in a prime location in the city’s 16th arrondissement near the Arc de Triomphe, the trophy asset comes with a price tag of EUR800 million. With 98% occupancy, including chocolatier Lindt & Sprüngli and 57 luxury apartments, the Trocadero is a Parisian treat with Michelin star appeal. The potential sale of the CityQuartier Trocadero building would represent one of Europe’s largest post-pandemic office sales as demand surges for trophy assets in European prime central locations. Delegates will have the chance to hear Blackstone Global Co-CIO, Lionel Assant, on Day One of IPEM Paris 2025.

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GIF - Here’s hoping for a new chapter to write in Paris

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