by matt | Mar 14, 2022 | deals
Fairway advised Brookfield and Grand M Group on the financing with Crédit Agricole of the acquisition of a portfolio of five student residences in France (Dijon, Rouen, Saint-Etienne and the Paris region) to be operated by UXCO Group (an operator majority owned by Brookfield’s private real estate funds).
The five assets represent a total of approximately 1,000 additional beds and will be built by five developers, including one by Océanis Promotion, UXCO Group’s sister development company.
by matt | Feb 17, 2022 | deals
Fairway advised JCDecaux Holding in the context of its capital partnership with the real estate company LFPI and the developer Les Nouveaux Constructeurs for the acquisition in future state of completion of Konnexion, a 7,200 sq.m. office and retail building located in Ivry-sur-Seine and scheduled to be delivered in the first half of 2024.
“This transaction is fully in line with JCDecaux Holding’s value creation strategy, with a serviced building located in a town bordering Paris, well connected to public transport. It will benefit from the positive dynamic of the development of the area orchestrated by Sadev 94, with in particular the forthcoming arrival of the Caisse des Dépôts”, says Emmanuel Russel, Chairman of JCDecaux Holding Immobilier.
The investment is controlled by JCDecaux Holding, which is responsible for asset management.
by matt | Feb 14, 2022 | deals
Fairway’s corporate, real estate and tax departments have advised the LES ETINCELLES group in the context of the signature of an agreement for the acquisition of the entire share capital of the LODGE & SPA Collection company, as well as the business and real estate assets from the Chalet des Neiges Group. The closing of the transaction is expected at the end of the winter season.
This transaction concerns first class assets in Val Thorens, L’Alpe d’Huez, Les Arcs 2000 and Aix-les-Bains and aims at creating the first luxury hotel group in the French Alps, which will be managed by the LES ETINCELLES group.
by matt | Dec 16, 2021 | Uncategorized
Fairway advised La Française Real Estate on the financing aspects of the acquisition of the “Le Prisme” office building, Orano’s new headquarters, from Aviva Investors Real Estate France acting on behalf of the Afer Immo fund.
The Prisme building, located at 125 avenue de Paris and fully renovated in 2019, is Orano’s new headquarters. It has a floor area of 15,766 sq.m. and is now Breeam In-Use “Very Good” certified. With numerous balconies and green terraces covering approximately 2,535 sq.m, it also includes a company restaurant, a cafeteria as well as a multi-purpose area, meeting rooms and partner/visitor areas, and has a parking lot with 268 spaces. The 7th and 8th floors are dedicated to collaborative spaces. Le Prisme is served by metro line 13, the T6 tramway and the RER B.
“This sale is the culmination of the asset management work of our teams, which enabled the repositioning of this asset and its prompt reletting in September 2019 to Orano for their headquarters. The latter has developed a new working environment there, which has become even more meaningful and valuable since the health crisis,” comments Adrien Beuriot, Managing Director of Aviva Investors Real Estate France.
“This asset, which was Breeam In-Use certified in 2020, offers high-quality interior layouts, large green terraces that respect biodiversity, and encourages soft mobility. It is a perfect illustration of La Française REM’s sustainable investment strategy. Located in the heart of a major tertiary sector hub of the future Greater Paris, this asset will add to the office property portfolio of the funds managed by La Française REM”, said Marc-Olivier Penin, Managing Director of the Retail division of La Française Real Estate Managers.
by matt | Dec 9, 2021 | deals
Fairway advised Primonial REIM on the transactional and financing aspects of the acquisition of a portfolio of 33 residential facilities for the dependent elderly (EHPAD) located in France on behalf of its SCPI Primovie.
The portfolio has a total surface area of nearly 113,000 sq.m. and represents a capacity of more than 2,400 beds and more than 130 apartments in serviced residences for seniors. All 33 nursing homes are fully leased to the COLISÉE Group under long-term leases.
This large-scale transaction will establish a long-term partnership between PRIMONIAL REIM France and the COLISEE Group. Short and medium term extensions are already planned within the current perimeter in order to increase the capacity of the facilities.
The facilities are located in the main cities of the following six regions : Ile-deFrance (3), Auvergne-Rhône-Alpes (7), Provence-Alpes-Côte-d’Azur (8), Bourgogne-FrancheComté (9), Alsace Lorraine (3), and Occitanie (3).
Grégory Frapet, Chairman of Primonial REIM France, said: “I am delighted with this major acquisition with the Colisée Group. This transaction – the largest in the European healthcare real estate market this year – perfectly illustrates our development strategy in this asset class which consists of developing strategic partnerships with national or international operators to support their real estate needs, while generating recurring potential rental income for our investor clients over the long term.
