Ivanhoé Cambridge officially launches construction of DUO in the 13th arrondissement in Paris

Planned delivery in less than four years

PARIS, France, May 18, 2017 /CNW Telbec/ - Bill Tresham, President of Ivanhoé Cambridge, and the entire Ivanhoé Cambridge Europe team, along with Anne Hidalgo, Mayor of Paris, Jérôme Coumet, Mayor of the city's 13th arrondissement and President of the SEMAPA public development office, Laurent Mignon, Chief Executive Officer of Natixis, and project designer Jean Nouvel (2008 Pritzker Prize), together raised a symbolical shovel today to mark the ground-breaking for the DUO development in the 13th arrondissement.

This long-awaited event comes on the heels of the signing of a lease for all the project's office space with Natixis, the international financing, insurance, management and financial services banking arm of Groupe BPCE.

The ground-breaking ceremony officially launches construction of this iconic project, which in 2021 will welcome Natixis employees into the most innovative and environmentally-friendly workspace in Paris. This gesture marks a critical milestone in the remarkable collaboration amongst Ateliers Jean Nouvel, the project architect, Hines France, the associate developer, and VINCI Group, a world leader in construction and concessions.

Expressing his delight, Bill Tresham, President of Ivanhoé Cambridge, said: "We are very proud to celebrate this day alongside the honourable mayors of Paris and the 13th arrondissement. DUO is ambitious and extraordinary, and it will give this area of Paris a whole new dimension. DUO represents the best of our global know-how and our focus on extreme excellence. We consider ourselves privileged and we are grateful for the courage, vision and leadership of Meka Brunel, our former Head of Europe and now CEO of Gecina."

Anne Hidalgo, Mayor of Paris, noted: "The DUO towers will play a role in enhancing the attractiveness of the capital and of the entire Greater Paris metropolitan area. Over time, they will come to embody the link between Paris and Ivry-sur-Seine, a magnificent architectural achievement that will be part of a harmonious assembly of many buildings. Finally, DUO is an amazing demonstration of creativity and urban vitality at work in the Paris Rive Gauche development zone under the responsibility of SEMAPA and the City of Paris, which are at the root of the project."

Jean Nouvel, architect of DUO, pointed out that he sought "to play with reflections, by day and by night. The trains running along the tracks, as well as the white headlights and red taillights of the cars along the highway, will be reflected on the gleaming façades. The slight incline of DUO will make these optical plays easier to discern and the moving images more numerous. The towers will lean as if extending a head outside the window to catch the view of the Avenue de France. And they will dialogue like two dancers in balance who are conscious of their surroundings."

Laurent Mignon, Chief Executive Officer of Natixis, commented: "Natixis is very proud to be part of this outstanding project, which will bring many teams together in one place. With DUO, our people will have access to innovative and connected workspaces that are conducive to teamwork and adapted to the profound transformations that our professions are currently undergoing."

Patrick Albrand, President of Hines France, said: "DUO, this ambitious Paris project, has come about due among other factors to the vision, work and close collaboration of the women and men of the Ivanhoé Cambridge and Hines France groups. This success is in keeping with a long and loyal partnership between our two entities, both in Europe and on the North American continent, which has ensured the architectural, environmental and financial accomplishment and success of numerous major real estate projects."

Hugues Fourmentraux, President of VINCI Construction France, added: "We are proud to be leading the work on this emblematic project, conducted in full BIM (building information modelling) with digital models used from design to construction. The operational excellence of our various trades, combined with our know-how in completing towers and major projects, will enable us to tackle the technical challenge of this ambitious development. As symbols of what is in store for the city, the DUO towers constitute a superb work for its users and also for Parisians and visitors."

About DUO
Located at the edge of the vast Paris Rive Gauche project in the 13th arrondissement, the DUO towers (180 metres and 39 storeys for DUO 1 and 122 metres and 29 storeys for DUO 2), designed by Jean Nouvel, will add to the district's vitality by providing not only close to 90,000 m2 of office space but also a hotel and a skybar with original views of Paris. These two towers will offer innovative, environmentally friendly workspaces as well as spaces open to the public promoting encounters and exchanges, including an auditorium, shops, a garden and greenery-filled terraces.

Registered under the WELL label, DUO shows a willingness to meet the toughest criteria in terms of the comfort, health and well-being of future users. It will achieve outstanding energy performance with LEED® Platinum, HQE® and Effinergie+ certification. In addition, Wired Certification will confirm the project's connectivity potential and will help establish DUO's positioning as a pioneer building suited to new ways of working.

About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and real estate companies in select cities around the world. It does so prudently, with a long-term view to generate optimal, risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners and major real estate funds that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in nearly 800 buildings, primarily in the residential, office, retail and logistics real estate sectors. Ivanhoé Cambridge held approximately C$56 billion in assets as at December 31, 2016. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

The project presentation film is available at http://duo.paris/en/.

 

Key project facts:

Total area:

105,000 m2

Height:

180 m for DUO 1 and 122 m for DUO 2

Storeys:

39 storeys for DUO 1 and 29 storeys for DUO 2

Ground floor:

274-seat auditorium

Parking spaces:

500 parking spaces for cars

Space for bicycles:

2,200 m2 of space for bicycles, with lockers and showers

Landscaped space:

Nearly 3,000 m2

Certification / Label:

DUO 2 is registered under the WELL label


LEED® Platinum, HQE® and Effinergie+



Timetable:

Project start-up: March 2017

In the first year, grading and foundations will be completed, with infrastructure developed in the second year. Only in the third year will DUO truly emerge from the ground.

Delivery:

Natixis set to move in early 2021



Key project players:

Developer-investor:

Ivanhoé Cambridge

Architect:

Ateliers Jean Nouvel

Associate developer:

Hines France

Builder:

VINCI Construction France (VINCI Group)

Lessee:

Natixis

Broker:

Cushman & Wakefield

Lawyers:

Allen & Overy

Notaries:

Étude Wargny

Urban planning lawyers:

LPA-CGR

Project management:

Artelia

 

SOURCE Ivanhoé Cambridge

For further information: To visit the project's marketing suite, located in the 13th arrondissement of Paris, please contact: Publicis Consultants, Thérésa Vu, Theresa.vu@mslfrance.com, Tel.: 01 44 82 46 13 - 06 60 38 86 38 ; Ivanhoé Cambridge Public Affairs, media@ivanhoecambridge.com, Media line: +1 866-456-3342

RELATED LINKS
http://www.ivanhoecambridge.com

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