The Valesco Group (“Valesco”), the fast-growing London headquartered European real estate fund manager, has completed, via a sale and leaseback transaction, the €460 million acquisition of Sequana Tower from Accor. The acquisition represents the largest single asset office deal of the year in continental Europe and the largest in France since 2021.

The property is fully let to Accor – the leading hospitality group in Europe and sixth largest globally – under a 12-year lease with an annual rent of €22 million. Located in Issy-les-Moulineaux, it has 26 floors and a surface area of 43,027 m².

Sequana Tower was awarded the Eco Building Performance Grand Prize for its design.

Clifford Chance advised Valesco with a team composed of Alexandre Couturier, partner, Louis-Antoine Frentz, counsel, as well as Nawel Belabdelouahab and Antoinette Gru, associates.