by matt | Jan 22, 2021 | deals
Fairway advised SCI Issy Shift on the acquisition (excluding tax) by SCI Issy Shift from Unibail-Rodamco-Westfield of the office building named “Shift”, located in Issy-les-Moulineaux. SCI Issy Shift’s investors are three French institutions, Primonial REIM, of which Fairway also acted as advisor, LA Française, assisted by Mayer Brown and EDF Invest, assisted by Backer&McKenzie. Fairway also advised SCI Issy Shift in the negotiation and conclusion of the credit agreement.
by matt | Jan 15, 2021 | deals
Fairway advised Mata Capital on the acquisition from Novaxia Investissement of 4 Monoprix located in Saint-Cloud, Meudon, Saint-Maur and Saint-Ouen. Carried out on behalf of its fund named core+, in co-investment with an institutional investor, the transaction represents an investment of €117 million and enables Mata Capital to strengthen its portfolio of food assets.
The total surface area of the portfolio is around 18,600 sq.m.
“Our team will be attentive to the requirements and expectations of both the brand and the municipal team to support the development of the municipality in its local commercial offer,” said Laurent Delautre, Partner at Mata Capital in the press release. This partnership strategy has already been initiated on the Saint-Germain-en-Laye and La Garenne-Colombes Monoprix acquired in 2019. »
Following this acquisition, Mata Capital manages 470M€ of retail real estate assets in France.
by matt | Jan 7, 2021 | deals
Fairway advised Mercialys on the sale to SCI AMR of three Monoprix sites, located in Chaville, Puteaux and Marcq-en-Barœul, as well as two hypermarkets located in Besançon and Gassin. At the same time, Mercialys purchased the Montauban and Valence 2 shopping centers from SCI AMR. It also acquired the Dijon Chenôve shopping center and all of these assets directly from Amundi Immobilier.
Following these arbitrations, SCI AMR owns the shopping centers in Angoulême, Paris Saint-Didier, Niort and Albertville, the Monoprix de Chaville, Marcq-en-Barœul and Puteaux, as well as the Besançon and Gassin hypermarkets. Mercialys retains the management mandates for the newly divested sites and extends those already in place for the former assets.
This new phase of the partnership with Amundi Immobilier, initiated 8 years ago, demonstrates the confidence in Mercialys’ expertise in the long-term management of commercial real estate assets. It also reflects the interest of a leading institutional investor in the physical real estate market regarding resilient and flow-generating commercial assets.
by matt | Dec 22, 2020 | deals
Fairway advised Acofi Gestion on a €30 million financing backed by a portfolio of six urban logistics assets acquired by Valor Real Estate Partners. The first four sites financed are located on the first periphery of Paris and Lyon. The other two acquisitions will be completed in a second phase. This is the third financing granted by the funds managed by Acofi Gestion to Valor.
“For the first time in France, a financing strategy with an impact on real estate assets is being implemented by a management company. This operation confirms Acofi Gestion’s ambitions to take ESG criteria into account in its approach as an investor”, the press release states.
The loan granted by Acofi Gestion includes environmental impact criteria based on a list of actions grouped under four main themes in line with the United Nations’ Sustainable Development Objectives (SDOs) and relevant to the real estate sector, namely energy, water, waste and greenhouse gases.
The actions identified as part of the operation have been specifically defined for the logistics asset class and range from optimizing lighting to the greening of the sites through the signing of a green energy supply contract. In addition, the financing contract includes a portfolio audit to ensure compliance with this innovative approach and the preparation of an annual ESG report for the investors of the fund concerned.
“We are delighted to finance a new portfolio with Acofi Gestion, which illustrates the quality of our investments and the appetite of lenders for the logistics asset class.This financing in favour of sustainable development also demonstrates our common will to take into account all performance indicators and allows us to crystallize our policy of renovation and constant improvement of our assets under management”, says Victor Massias, Principal, Valor Real Estate Partners.
“For Acofi Gestion, taking ESG criteria into account is a strong and engaging direction. The implementation of this first impact financing with our partner Valor has enabled us to validate both the interest and feasibility of this operating method and allows us to confirm our strong ambitions for our next generation of funds, which are due to be raised in early 2021,” adds Benjamin Debré, Manager of the Real Estate Loan Fund, Acofi Gestion.
by matt | Dec 18, 2020 | deals
Fairway advised the Casino group on the sale of a Monoprix located at 5 rue Georges Clemenceau in Versailles to Edmond de Rothschild REIM France on behalf of the OPCI Grand Public Edmond de Rothschild Immo Premium, in a sale-and-leaseback transaction.
