MARK and ASSEMBLY are pleased to announce the delivery of the TOKO building

2 June 2022

MARK and ASSEMBLY have successfully completed the TOKO project. The office and apartment building located at 5-7 rue d’Héliopolis in the 17th arrondissement of Paris will be made available to its future occupants, the company Webhelp and the collective living specialist Colonies, and delivered to DWS, which acquired the office part on behalf of one of its funds, and to La Française Real Estate Managers, which acquired the co-living portion on behalf of SCPI Epargne Foncière.

TOKO was completely redeveloped in cooperation with the architect Franklin Azzi. This first operation in Paris is a true reflection of Assembly and MARK’s DNA: the creation of mixed-use urban buildings by converting an existing building through a low carbon approach into a place for new usages and concepts.

At the heart of the 17th arrondissement, the 8,500 m² site has laid the groundwork for new uses and achieved an excellent environment performance (NF Habitat HQE level Excellent, BREEAM NC 2016 level Very Good, Wiredscore level Silver, Paris Climate Plan certifications).

The operation was executed by the company Bouygues Bâtiment Ile-de-France Rénovation Privée.

Well-known tenants : Webhelp, one of the main global leaders in business solutions and customer experience (CX) outsourcing, founded in 2000 by Olivier Duha and Frédéric Jousset, chose the TOKO building to establish its headquarters over more than 7,500 m². The Webhelp teams will be moving in early July 2022. In the residential part of the building, Colonies will soon be setting up its first Parisian co-living space, a new urban shared accommodation system with outdoor and communal areas of exceptional quality.

The successful delivery of TOKO follows MARK’s disposal of Pershing Hall, which was acquired by Allianz Real Estate in May this year after a €20m repositioning.

MARK, which currently manages over €10bn in assets across Europe, launched Paris’ first ever dedicated real estate ESG fund in 2021. MARK Paris Urban Regeneration Fund (MPUR) will acquire prime assets across Paris and reposition them into highly sustainable mixed-use buildings which also offer significant social impact.

© Nicolas Gromond