by matt | Sep 28, 2022 | deals
Fairway advised an institutional investor in the acquisition of the Belles Feuilles building from Lone Star and Générale Continentale Investissements (GCI). This 12,000 sq.m. office property, located at 61-63 rue des Belles Feuilles in the 16th arrondissement of Paris, was restructured by the DTACC architectural firm. Delivered in the first quarter of 2022, the building is currently 90% leased to various tenants, including Vivalto Santé (a private healthcare group), Cooper (a pharmaceutical group) and Carlara (a law firm), which have leased a total of 3,500 sq.m.
by matt | Sep 20, 2022 | deals
Fairway advised La Française REM on the financing aspects of the acquisition from Altarea Entreprise of Campus Cyber, a 26,500 sq.m. office building in Puteaux (92), located at 5-7 rue Bellini in the heart of La Défense. Scheduled for delivery in 2021 and designed by Christian de Portzamparc, Campus Cyber (formerly Eria) is part of the French government’s strategy to accelerate cyber security. The building has five basement levels and 13 floors above ground. Built to the latest environmental standards, it has several labels and certifications such as NF HQE Exceptional, Effinergie +, Wiredscore Platinium, Breeam excellent level and Well Silver. Its energy performance will be equivalent to RT 2012 minus 40%. The Cyber Campus is fully leased for a period of 10 years to a single lessee, 45% of which is the French government and 55% of which is made up of major private groups.
This acquisition was made on behalf of investment vehicles managed by La Française REM: four SCPIs, LF Grand Paris Patrimoine, Epargne Foncière, Crédit Mutuel Pierre 1 and Sélectinvest 1, and two non-trading companies distributed in real estate units of account.
Philippe Depoux, Chairman of La Française Real Estate Managers, said: “With the acquisition of Campus Cyber, we are proud to invest in a building that is iconic in many respects: its architecture, its commitment to responsibility – it is one of the very few assets aligned with Taxonomy – its technologies and services deployed, not to mention the theme of cybersecurity, in line with our group’s commitment to sustainable development, which is supported by the tenants in the building.
by matt | Jul 29, 2022 | deals
Fairway advised SCOR Investment Partner, acting as lender, in the financing of Redtree Capital’s acquisition of the Carré Champerret real estate complex in Levallois-Perret (92). As part of this transaction, Redtree also entered into a financing agreement with Aareal Bank.
Carré Champerret is composed of four independent buildings with a total surface area of 26,000sq.m surrounded by large outdoor spaces. After its renovation, the asset “will meet the highest ESG and real estate market standards,” the press release states.
by matt | Jul 22, 2022 | deals
Fairway advised Générale Continentale Investissements and AIMCo on the financing and partnership aspects of the acquisition of the Being building in La Défense. This 12,350 sq.m. 8-storey building was renovated and completed in 2020.
“Being has all the specific features that correspond to the assets we want to develop to meet the needs of tomorrow’s users,” says Sharon Raingold, GCI’s managing director. “It is located at the forefront of a territory of the future with a leading economic hub. Beyond its location, we believe in the strong potential of this building.”
“We are delighted with this major transaction, which is perfectly in line with our development and value creation policy,” said Alexander Raingold, GCI’s Director of Development and Partner. “We have great ambitions for the future of Being as well as for the La Défense market, of which we have a very detailed knowledge.
“This new acquisition strengthens our presence and appeal in the French market as well as our long-standing partnership with GCI. Since 2016, we have been working together to develop high-value assets,” finally congratulates Yacine Bouaka, Portfolio Manager at AIMCo.
by matt | Jul 20, 2022 | deals
Fairway advised ICG Real Estate on the launch of its new investment vehicle, with the off-market acquisition of a portfolio of 26 logistics assets in France, totaling approximately 100,000 sq.m. fully leased to private and public players.
For this vehicle, ICG Real Estate aims to build a portfolio with a gross asset value in excess of €500 million, through the acquisition or development of urban logistics and business properties in the Greater Paris area and other major urban centers in France.
The team was composed of Aubry d’Argenlieu (partner), Aurore du Marais (counsel), Aurélien Fradet (associate) on real estate aspects; David Franco (partner), Fanny Roeina and Veronika Zaytseva (associates) on financing aspects; Emmanuel Galifer (partner), Sarah Bencheikh and Laura Caroff (associates) on tax aspects.
