Fairway advised a fund managed by Mata Capital on the acquisition with a French institutional and from Mercialys (the group Casino listed property company) of two Monoprix stores located in Saint-Germain-en-Laye (78) and La Garenne-Colombes (92).
These two assets, covering a total area of 15,000 sq.m, are sold by Mercialys based upon a valuation of €100M or 6,600€/sq.m.
Monoprix has recently renewed the leases of the two stores for a period of nine years.
Fairway has advised the CIPRES insurance group in the negotiation and drafting of a commercial lease for office use only with a minimum term of nine years relating to premises of 4,200 sq.m located in the ECOWEST building in Levallois Perret.
Fairway has been recognised as one of the top french law firms in Environment by Legal 500 Paris 2019. According to Legal 500, Juliette Bril has a ‘perfect knowledge of environmental law and classified facilities’. She is ‘very available, rigorous’ and has ‘excellent practical skills and strong analytical skills’. As an extension of the firm’s real estate activity, the team of three lawyers assists industrial groups, real estate investors and developers in the context of site or industrial asset reverse transactions. In particular, she advised Peugeot on the sale to Nexity of a wasteland located in Poissy, as well as Stam Europe for the acquisition of a warehouse in Saint Etienne.
Fairway is ranked Band 3 in the Environment section.
Fairway advised the residential real estate fund named opéra and managed by Stam France IM for the acquisition from a private seller of two residential buildings located in Neuilly-sur-Seine, rue Madeleine Michelis, with a surface area of 2100 sq.m.
“The Opera Fund targets an investment capacity of approximately € 500M and will continue to invest in qualitative residential assets located in the French capital,” says Maud Wargny, acquisitions director at Stam Europe. The Neuilly buildings, when they are 100% occupied, offer a secure rental income to our investors and constitute a safe and sustainable investment thanks to their ideal location. “
After Neslihan Gabriel-Denizkurdu’s partnership in January 2018, Fairway continues its development with the appointment of Franck Denis as a partner to foster its real estate practice.
The appointment of Franck Denis is part of Fairway’s strategy to continue its development as a key player in the real estate industry in France and internationally and reflects Fairway’s desire to meet the requirements of an industry that gets ever more complex.
Franck Denis is a recognized specialist in development operations as well as for the acquisition and disposal of all types of real estate assets. His expertise also covers the field of construction and commercial leases. He advises institutional investors, real estate companies, developers and major users. He has great experience with advising foreign clients for their investments in France.
For Emmanuel Cazin, Partner within Fairway : “The appointment of Franck as a Partner within our firm reflects his many qualities, both professional and human. It is a logical and greatly deserved follow-up. I am delighted about this new step that will contribute to the development of our firm in accordance with its founding values.”
Franck Denis adds: “ I joined Fairway close to two years ago, and its entrepreneurial project has appealed to me immediately: a law firm that remains on a human scale and which allows, by the auqlity and the diversity of the practices of its members, to answer all the challenges met by the actors of the real estate world. My enthusiasm has only grown up ever since, and I am delighted to participate to the development of our activity and our team as a Partner.”
Lawyer at the New York and Paris bars since 2006, Franck Denis holds a DESS in International Business Law (University of Burgundy-Dijon, 2003) and a L.L.M “Master of Laws” (University of Minnesota Law School, USA, 2004). He started his career in the Real Estate and Finance Transactions department of Gide in 2006 before joining Lefèvre Pelletier & Associés in 2011. After two years at DLA Piper France, which he joined in 2015 as Counsel, he joined the investment, Real Estate Development and Management Project department of Fairway to work alongside Emmanuel Cazin.
