Officiis Properties’ portfolio reaches 95% occupancy

Officiis Properties, a Euronext Paris-listed office REIT, announced this week that 95% of its portfolio is now let

This announcement followed the signing of two leases with McCann WorldGroup France for the entire Think building and an entire floor in the Newtime building.

McCann Worldgroup France, a world leader in advertising and a subsidiary of the American IPG group, has decided to take up 8,450 sqm in the Ecosphère Campus, comprising the Newtime, Think and Imagine buildings on Île de la Jatte in Neuilly-sur-Seine.

McCann Worldgroup France will take up the entire Think building, which is currently being redeveloped, occupying a total of 6,650 sqm. It has also signed a lease for 1,800 sqm covering an entire floor in the neighbouring Newtime building, which has also been redeveloped recently.

These leases will come into effect in the second half of 2018, once the Think building has been delivered and fitted out for McCann Worldgroup France.

Scaprim, the French subsidiary of TwentyTwo Real Estate, has been the asset manager and property manager of Officiis Properties since July 2015 when the portfolio was 56% occupied.