Osae Acquires 7,000sqm in Le Marais with the City of Paris
In October 2021, Osae Partners acquired a real estate complex of approximately 7,000 sqm located at 9-11-13 rue Pavée, in the heart of Le Marais. It consists of two townhouses dating back to the 17th and 18th centuries with a facade spanning approximately 60 meters along rue Pavée, as well as an industrial building within the courtyard dating from the early 20th century.

In partnership with the Central City Hall of Paris, the City of Paris, and Paris Habitat, a social housing provider in the City of Paris (with over 125,000 housing units), Osae Partners will develop a mixed-use program of approximately 6,500 sqm, including offices, retail spaces, communal areas/event spaces, and family-specific housing.

This project aligns with Osae Partners' urban transformation strategy in collaboration with local authorities, as well as the Central City Hall of Paris' commitment to preserving the diversity and history of Central Paris.

The architectural design of the project was created by MARS Architects (Sylvain Réty), who skillfully integrated various uses into the plan, with heritage aspects overseen by the Lagneau firm. Particular attention will be given to the preservation and enhancement of the historical heritage of this complex, as well as the environmental improvement of the site.

Both townhouses along the street and the majority of the industrial building at the rear of the plot will be fully rehabilitated by Osae Partners to create a mixed commercial complex of approximately 5,000sqm (offices, retail, and event spaces). The two upper floors of the industrial building will house a social residence for young professionals, consisting of 26 social housing units with a total living area of approximately 600sqm, acquired through VEFA (Sale in Future State of Completion) by Paris Habitat. The townhouse set back in the courtyard at 9 rue Pavée will be acquired by Paris Habitat for the development of approximately 12 family social housing units.

Osae Partners received legal counsel from Monassier & Associés (Guillaume Palais), LPA-CGR Avocats law firm, and the project manager Theop.

The financing for the operation was provided by Crédit Agricole CIB, advised by Wargny Katz law firm and Depardieu Brocas Maffei law firm.