by matt | Dec 11, 2019 | deals
Fairway advised an entity owned by subsidiaries of a North American investor and Stam Europe on the sale of a 470,000 sq.m logistic portfolio consisting of 12 assets located in France.
Stam, which was in charge of both fund management, asset management and property management of these assets, “is delighted with the result of this operation, which is the crowning accomplishment of the efforts of its teams and achieves a very attractive performance for its client partner”.
Stam valued the portfolio by implementing a development, renovation and upgrading program, renegotiating leases with existing tenants and renting vacant space. The prior sale of an asset in the fourth quarter of 2018 had rationalized the portfolio, which had a revaluated occupancy rate of 90%.
“The portfolio assets presented various challenges for our management teams after the acquisition,” says Edward Bates, Managing Director of Stam Europe. Thanks to proactive portfolio management, we manage to significantly increase the rental income, value and liquidity of the portfolio. We are pleased to be able to continue to provide asset management and property management on behalf of a new and renowned client.”
by matt | Dec 11, 2019 | deals
Fairway advised Generali on the sale to HSBC Reim, on behalf of a real estate investment fund (“société civile en placement immobilier”) named Elysées Pierre, of a property investment company (“société civile immobilière”) which owns the “Iliade” complex. The latter is an office complex of 17,470.00 sq.m, delivered in 2009, located Boulevard Carnot in the heart of the Massy commercial district (in the Essonne department) which offers flexible platforms from 1,300 to 3,000 sq.m as well as 305 parking spaces. It is currently 90% leased.
by matt | Nov 18, 2019 | deals
Fairway (among others) advised an institutional investor represented by DTZ Investors REIM in the acquisition from the Guibor family office, via an OPPCI, of an unlet office and retail building through an off-plan sale. This building located at 90 avenue des Ternes in Paris is currently in the process of redeveloping offices and major relocation, with the work being carried out by Guibor
This office building, with a surface area of approximately 1,700 s.qm, will be completed in the second half of 2020, with DTZ Investors France providing long-term asset management.
by matt | Oct 7, 2019 | deals
Fairway advised the Panhard group in the establishment of a strategic partnership with Amundi Immobilier. The Panhard Group will propose to Amundi Immobilier all of its future logistical developments via Areeli, its dedicated subsidiary.
This partnership was launched with a first portfolio of 3 assets located at Louvres (Val d’Oise), Coudray-Montceaux (Essonne) and Brie-Comte-Robert (Seine-et-Marne) with a total surface area of 120,000 sq.m.
“This new partnership dedicated to Core Logistics give us a double strategic advantage: it allows us not only to increase our responsiveness and to make our arbitrage processes more fluid, but also to strengthen our long-term anchoring with all the local players (elected representatives, users, developers) (…) It is also an important step in the development of both our Investment and Asset Management activities. We are already working on expanding our offer regarding Core + and value-added strategies in the office, business and logistics segments.” said Christophe Bouthors, Chairman of the Panhard Group in the press release.
by matt | Sep 26, 2019 | deals
Fairway advised Primonial REIM on the acquisition of a seven real estate assets portfolio located rue de la République in the 1st and 2nd arrondissements of Lyon from the wholly-owned subsidiary of Abu Dhabi Investments Authority (ADIA). In this transaction, Primonial REIM has intervened on behalf of a club deal bringing together one of its funds as well as an institutional investor, Compagnie Foncière Lyonnaise, the Crédit Agricole Centre Est’s real estate subsidiary.
The portfolio is made up of 67 housing, 25 businesses and 23 office premises with a total surface area of 14,350 sq.m. This mixed-used property complex has an occupancy rate of 96%. The assets are located in Rue de La République, the main shopping street in Lyon, and are in the immediate vicinity of the Opera, the Town Hall and the Stock Exchange.
“As part of our strong growth, we are proud of this beautiful acquisition in the emblematic artery of Lyon. This acquisition illustrates the strategy of Primonial REIM to invest, in a long-term perspective on behalf of its institutional clients, in assets located in mature territories, in the heart of the city, real places of life, work and destination for residents and users ” said Grégory Frapet, chairman of Primonial REIM, in the press release.
