by matt | Sep 13, 2024 | deals
Fairway advised Remake on the acquisition, on behalf of its SCPI Remake Live, of a building located at 134 rue Blomet / 56 bis rue de l’Abbé Groult in the heart of the 15th arrondissement of Paris.
This freestone corner building has a floor area of almost 750 m2, with a basement, first floor and four upper floors. It will be the first Fratries inclusive coliving facility in Paris. Defined as a “social utility” project, the building will be entirely renovated to accommodate Fratries, a coliving operator offering shared accommodation for young working people with and without mental disabilities and autism spectrum disorders. The building will accommodate 16 young working people, who will have furnished rooms with individual bathrooms, large common areas, a gym and coworking facilities, as well as a studio that can be privatized for inviting family and friends.
The building will also provide “quality” support for people with disabilities, thanks to the presence of an on-site manager and life coaches who will be on hand at key times of the day.
by matt | May 23, 2024 | deals
Fairway advised FrenchFood Capital on its acquisition of a majority stake in Huguenin, in order to support the company’s development. Huguenin is an SME founded in 1997 that processes and distributes meat products for gastronomic restaurants. The investment by FrenchFood Capital, a fund specialising in the agri-food sector, is aimed at expanding Huguenin’s outlets not only in Paris and the Ile-de-France, which already form its main market catchment area, but also in other regions and major cities.
by matt | May 15, 2024 | deals
Fairway advised Arkéa REIM on the club-deal acquisition of the 47 Sèvres buidling, in the 6th arrondissement of Paris, on behalf of Serendip Invest Club 2, its second vehicle dedicated to prestige real estate. The building, a 6,767 sq. m. Haussmann-style stone corner block built in 1906, is located opposite Le Bon Marché. It was previously owned by Axa IM. It comprises 47 apartments, three schools and six shops.
“A renovation of both the private and common areas will be carried out in order to reposition the address as a key player in the upscale Parisian residential market, and will aim in particular to improve the building’s overall energy performance and offer additional services for future residents,” states the press release.
“The acquisition of this emblematic residential building in the heart of one of Paris’s most beautiful districts consolidates our position in the club-deal market specializing in prestige real estate,” says Yann Videcoq, Managing Director of Arkéa REIM.
by matt | May 6, 2024 | deals
Fairway advised Antilles Glaces on its acquisition of Saint Aubin, a manufacturer of desserts, snacking products and salads, from Capza. Capza had acquired Saint Aubin in 2019. Over a five-year period, the company focused on modernizing its production facilities, improving operational efficiency and revitalizing growth.
by matt | Mar 6, 2024 | deals
Fairway advised La Française Real Estate Managers (REM) and EDF on the transactional, financing and tax aspects of the acquisition of the Memphis building. Located at 111 avenue de France, in the 13th arrondissement of Paris, this asset was sold by Norges Bank Investment Management (NBIM) and AXA IM Alts.
Completely renovated in 2021, this 14,415 m² building includes 10,059 m² of office space and 4,239 m² of retail space, and offers numerous outdoor green spaces and services (terraces, rooftop, café, restaurant, etc.). It is certified Breeam Excellent and has been awarded the WiredScore Gold label. This 8-storey asset is fully leased to eight tenants operating in a variety of sectors, including biotechnology research and development, cosmetics, the food industry, digital transformation consulting and sports equipment.
Management of this mixed-use building has been entrusted to La Française REM’s institutional division.
“It is with great satisfaction that we conclude this investment involving our SCPIs and EDF Invest, a partner we would like to thank for its confidence”, says Philippe Depoux, Chairman of La Française REM. “The Memphis has all the fundamentals expected by La Française REM. Its centrality and the quality of its renovations and services are all factors that will support the attractiveness and value of the asset.”
“Assia Oudni, Investment Director – Real Estate, EDF Invest, adds: “This acquisition is in line with our belief in the need for quality, flexible office space to benefit users and the economic fabric of this area, which has solid long-term fundamentals. “EDF Invest is delighted with this partnership with La Française REM.
