by matt | May 21, 2019 | deals
Fairway advised Primonial REIM on the financing of the acquisition of the Newtime building on behalf of several institutional investors, of which Fairway also worked with Primonial REIM to negotiate and draft the contractual documentation concluded between these investors. The valuation of the Newtime building represents a total amount of € 160 million excluding rights. With a total surface area of more than 15,700 sq.m, this office asset is located in Neuilly-sur-Seine (92).
The Newtime building was completely restructured in 2014. It offers very high-end services in keeping with the new working trends, with very bright trays, full height façades, 5 terraces with outstanding panoramic views as well as new technical equipment and a full range of services.
In addition, the property benefits from a unique location in Neuilly-sur-Seine, an established and successful market among the most appreciated by French and international investors, close to the two largest tertiary centres : La Défense and Paris QCA.
The building has a triple environmental certification: BREEAM Excellent, HQE Excellent and BBC and is rented to prestigious tenants.
Grégory Frapet, Chairman of the Executive Board of Primonial REIM, announced in the press release: ” We are delighted with this acquisition, which is part of our strategy to invest in quality office buildings that meet the standards of the best environmental certifications, within established tertiary areas. Thanks to the asset management expertise of Primonial REIM and in a positive market context, we are expecting in the medium term a potential positive reversion of rents. ”
by matt | May 20, 2019 | news
Fairway contributed to the production of The Legal 500: Construction 2nd Edition Country Comparative Guide. Click here to view the french chapter of the guide written by Emmanuel Cazin, Franck Denis and Aude Dewilde.
by matt | Apr 20, 2019 | news
Fairway has once again been recognised as one of the top french law firms in Real Estate by Legal 500 EMEA 2019. According to Legal 500, “Fairway A.A.R.P.I. is a high-end boutique housing the full range of services expected: from corporate, tax to real estate financing, commercial leases and environmental issues. The 30-lawyer team comprises very coordinated and involved partners, who are highly qualified, efficient, practical, have excellent negotiating skills and always try to be creative”.
Furthermore, our partners Frédéric Lefébure and Aubry d’Argenlieu are both ranked as “Leading Individuals” in Real Estate, while our partner Emmanuel Galifer is quoted as “Next Generation Lawyer” in Real Estate Tax.
by matt | Mar 19, 2019 | news
The prestigious Chambers & Partners Europe guide highlights one more year Fairway as a leading firm in Real Estate in 2019.
Our partners Frédéric Lefébure (Band 2), Aubry d’Argenlieu, Emmanuel Cazin (Band 3) and David Franco (real estate financing,Band 4) have once again been ranked among the best real estate lawyers in the 2019 Chambers Europe’s guide of the best real estate lawyers.
Furthermore, Emmanuel Galifer is mentionned as recognised practioner in real estate tax.
by matt | Mar 6, 2019 | deals
Fairway advised 6ème Sens Immobilier regarding the signing of a 9-year lease with REGUS, for the lease of the 3,000 sq.m of a building located in Lyon 6th.
This building, which is currently subject of a heavy renovation and an elevation, is composed of 6 floors, a roof top and 57 parking spaces. Delivery is scheduled for March 1, 2020.
