News and Insights
A new equilibrium for the 7 rue du Cirque
By Inès Beaugé, Business Immo
With nearly a dozen renovation projects on the books, the 8th arrondissement of Paris holds no secrets for the asset manager and property developer Chelsfield, which recently announced the redevelopment of the Villa Matignon at 7 rue du Cirque, owned by the Olayan Group. Located near the Elysée Palace and the Hotel Le Bristol, a stone’s throw from the American and British embassies, “this magnificent mansion boasts an elegant façade and an exceptional location,” said Nicolas Marin, Senior Asset Manager for Chelsfield.
More precisely, the renovation aims first of all to completely redevelop this historic 1,800 sq.m. building spread over five levels. But the “Chelsfield touch” doesn’t stop there, since a 300 sq.m. extension, entirely made of wood, will be added to the original building. The work is in progress and delivery is scheduled for the second quarter of 2021.
“We are proud of this construction driven by a rather pioneering spirit. We want to make it a new generation building, very high-end and transparent,” says Nicolas Marin.
Above all, the restructuring of the asset reflects Chelsfield’s desire to rethink its functionality and optimize office space to improve fluidity and flexibility, but above all to open it up to the outdoors. By creating terraces accessiblefrom almost every level, the architects wanted to make the garden visible to everyone. The design is the result of a collaboration with the One X One architectural agency, especially created at Chelsfield’s initiative for this project.
Inspired by the work of Julien Rousseau (Fresh Architectures) and Aldric Beckmann, a contemporary architect renowned for sustainable projects, the Villa Matignon is currently being marketed. It is intended for a single tenant and, according to our information, a few prospects are already in the pipeline.