Blackstone Acquires Trophy Paris Office Asset in $819 Million Deal

In a significant move that underscores the resurgence of Europe’s premium office market, Blackstone has acquired a landmark office building in central Paris for approximately €700 million ($819 million). This acquisition, announced on September 3, 2025, involves the historic Centre d’Affaires building located in the prestigious Trocadéro district. The property, spanning 41,000 square meters, includes not only office spaces but also 57 luxury apartments, cafes, and catering services. Previously owned by Germany’s Union Investment, which purchased it for €284 million in 2003, the building has appreciated significantly over the years. The deal is expected to close in the fourth quarter of 2025, marking one of the largest office transactions in Europe since the pandemic.