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.
Villa Matignon is a beautiful stand-alone office building at 7 rue du Cirque, near the Elysée Palace and the hotel Le Bristol and a stone’s throw from the American and British embassies.
ARA Asset Management Limited (ARA) and Chelsfield have secured a S$385.8 million green loan from DBS Bank and United Overseas Bank Limited (UOB) to finance the acquisition and asset enhancement of their 50:50 joint venture, 5One Central (formerly known as Manulife Centre), in Singapore. The loan is issued under the green loan framework jointly developed by ARA and Chelsfield, in line with both companies’ commitment to developing and designing buildings that achieve the highest standard of sustainability.