In June 2013, HSH announced the completion of the acquisition of a commercial building in Paris, known as 21 avenue Kléber, for EUR56 million. This building is adjacent to The Peninsula Paris and because of its strategic location, it is envisaged that it will have synergy with the hotel when the latter opens in 2014. Both 21 avenue Kléber and the future Peninsula Paris share the same Second Empire architectural style, dating back to 1900. The building has commercial, office and residential components spread over four floors.