Allianz RE acquires the iconic Pershing Hall from MARK
The former five-star hotel has been successfully repositioned into a high-end office, retail and F&B destination.
Allianz Real Estate has acquired MARK's flagship mixed-use development in Paris acting for several companies of Allianz Group.
MARK acquired Pershing Hall, which is located in one of Europe’s most visited retail hotspots, the Parisian Golden Triangle, in 2018. The company, formerly known as Meyer Bergman, invested over €20m into modernising and repurposing the building.
The former five-star hotel has been successfully repositioned into a high-end office, retail and F&B destination, with MARK leveraging its global network of occupiers to attract a number of high profile tenants.
Pershing Hall, originally a 19th century mansion, was acquired in 1928 by the American legion to serve as a World War One memorial.