Osborne Clarke in France advises OpenText on a major commercial lease agreement for Coeur Defense Tower (Paris La Defense)

Written on 2 February 2021

International legal practice Osborne Clarke has advised OpenText on the renewal of a major commercial lease agreement for office premises (approx. 3,300 sq.m), within the HQE labelized Coeur Defense Tower.

Cœur Défense is located west of Paris, on the Voie Royale (Royal Way), which links the Grande Arche de la Défense with the Louvre Museum. It was constructed by the Bouygues Group to replace the aging Esso Tower. Completed in 2001, this office complex situated in Europe’s largest business hub was designed by the inspired French architect Jean-Paul Viguier. Its unique typology, running counter to all previously built towers, is enhanced by the design of its tall, modern, and yet elegant towers. Slightly offset against one another, these two towers (24 m wide and 80 m long) rise 160 m above the La Défense esplanade.

With its five buildings, comprising of 126 floors, Cœur Défense is Europe’s largest office complex. The volume of its atrium is twice that of the Notre Dame de Paris Cathedral. This office complex has almost 160,000 sqm of office space and a total of 350,000 sqm of floor space. Its twin towers (40 levels, rising 160 m) and its three smaller buildings (10 levels, rising 41 m) are connected by a vast atrium with a surface area of 5,000 sqm. Cœur Défense also has seven company restaurants, a premium conference centre containing a 300-seat conference hall, 2,880 parking spaces spread over six levels, a fitness centre and several retail outlets, and a corporate restaurant.

Partners Stéphane Catays, and Associates Franck-Olivier Klein and Deborah Boussemart from the Real Estate Team advised on the transaction.

Jones Day (Flavia Poujade, Counsel) advised the Landlord.

Osborne Clarke is a recognized industry leader in real estate providing a comprehensive sector-led service that provide responsive advice to a variety of major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.