Inovalis Real Estate Investment Trust announced it has completed the purchase of the “Gaïa” office property in Nanterre, a suburb of Paris which is in the immediate vicinity of the La Défense district. The ninth property in the REIT's Paris portfolio, the Gaïa is a 5-floor, 118,400 SF building built in 2014, and was acquired from GA Smart Building and Paref, who co-developed the property. The Gaïa has many compelling features, including a spacious and modern lobby, bright office spaces and elevated private terraces offering unique views of the Mont Valérien.

The property also offers several quality services, such as a restaurant with an outdoor terrace, meeting rooms, a common lounge area, and co-working spaces. The Gaïa has received dual High Environmental Quality (HQE) and BBC Effinergie (Low-energy Building) certifications and is equipped with an Active Computer Performance Management system, which support high-performance energy efficiency levels (2.32 kwh/SF/year). The Gaïa Tenants benefit from Gross Rent levels which are highly competitive, due to low and controlled operating costs, allowing the Landlord to maximize net rents, while neighboring assets seeking higher or similar Gross Rent levels fail to offer most of the services that the Gaïa provides.

Tenant leases include annual increases indexed to inflation, with no caps, and the full recovery of operating expenses. Adjacent to the new Eco-quartier des bergères to be completed in 2025, the Gaïa benefits from a qualitative and dynamic environment that will be further enhanced by the completion of the large-scale renovation programme for the Parc Sud, supported by the city and the region.