Our partner Neslihan Denizkurdu Gabriel spoke at the 32nd Panorama 2023 / 2024 of commercial leases organized by EFE / Abilways on January 30 and 31, 2024, to discuss the latest legislative and case law developments.
Fairway advised FrenchFood Capital on Sofiprotéol’s acquisition of a stake in the company, strengthening FrenchFood Capital’s position in the food industry financing sector.
As a minority partner of FrenchFood Capital, Sofiprotéol, the financing and development company of the Avril Group, will bring to FrenchFood Capital its expertise in the world of agriculture and its challenges, with a view to strengthening its impact on all players in the agri-food value chain.
At the same time, FrenchFood Capital is integrating Agro Invest and its team to reach 400 million euros in assets under management, and create a new Small Cap fund, with a target size of 100 million euros, dedicated to SMEs in the agri-food sector.
With these two operations, FrenchFood Capital has established itself as one of the leading investors in French food companies.
Fairway advised Scripteam, an audiovisual platform created by Focus Entertainment, on the corporate aspects of its acquisition of majority stakes in two experienced audiovisual production studios: Marvelous Productions and Make It Happen Studio.
At the same time as Scripteam acquired these stakes, two of the co-founders of Marvelous Productions, Romain Le Grand and Vivien Aslanian, the founder of Make It Happen Studio, Sydney Gallonde, and Jerôme Pédron, Manager of Scripteam, will become partners in Scripteam’s capital (11.2%), alongside Focus Entertainment, which holds 88.8% of the capital.
Fairway advised SCPI Novaxia Neo on the acquisition of two office buildings of almost 4,500 sq.m located in Lognes (77).
The asset is leased in its entirety to a government tenant, under a firm residual lease of over four years. Located just a 5-minute walk from the RER A train station, the asset offers “excellent potential for reversion to residential use should the market turn around”.
Fairway advised Stam Europe on the acquisition of a 35,000 sq.m logistics platform in Beauvais, Picardy. The acquisition was financed by LCL and La Banque Postale Asset Management, existing lenders to the Highlands II portfolio.
Developed in two phases in 2008 and 2013, the complex is fully leased to Dispeo, the site’s long-standing occupier. “The excellent accessibility of the site, just a few hundred meters from the A16 motorway interchange, makes it a strategic location on the outskirts of Paris,” notes Alexandra Vaquin, Director of Acquisitions at Stam Europe.
“The business plan includes work to improve the ICPE and ESG characteristics of the site in collaboration with the lessee”, adds Armand Goulet, Investment Manager.