by matt | Nov 23, 2022 | deals
Fairway advised Novaxia on the acquisition of the Biocitech site in partnership with Oxford Properties. This life sciences site, previously owned by Fiminco and Banque des Territoires, a subsidiary of Caisse des Dépôts, is located in Romainville (Seine-Saint-Denis) and includes 21,000 sqm of business space dedicated to Life Sciences, as well as a 3.5-hectare land reserve, and is currently home to 27 companies.
The campus is alreadỳ leased to 17 tenants of different sizes, including Galapagos , Mutabilis and Nexdot. It hosts a scientific communitý around biotechnology, biopharmaceutical, bioinformatics, scientific and technological services, and medical devices and equipment activities.
“The first challenge was to capitalize on the history of the Biocitech business park, the last legacy of the Roussel-Uclaf site, a major French group in the pharmaceutical industry,” adds Joachim Azan, Novaxia’s founding president. In addition, this site, which is very well served and located near metro line 5, has immense development potential on a 3.5 hectare land reserve, with the possibility of extending it in the medium term to include a service activity in the ZAC de l’Horloge.
This first acquisition by Oxford Properties and Novaxia on the Biocitech site in Romainville is part of their strategic partnership (of €1 billion in France by 2024) last May in Life Sciences real estate assets to accelerate the growth of the sector in France. “Following on from Romainville, we are also targeting major urban areas such as Lyon, for example,” say Joachim Azan and Pierre Leocadio.
by matt | Oct 26, 2022 | deals
Fairway advised La Française Real Estate Managers (REM) on the financing aspects of the acquisition, on behalf of the thematic SCPI LF AVENIR SANTE and from La Mutuelle Générale, of a healthcare portfolio of 3,644 sq.m. located in Paris (13th and 15th arrondissements).
The portfolio includes three assets in Paris, each with excellent public transport links, two of which are located in the immediate vicinity of the Montparnasse train station (15th arrondissement – metro lines 4, 6, 12 & 13, Montparnasse-Bienvenue, Falguière and Pasteur stations).
All three assets are leased under long-term leases to La Mutuelle Générale.
“In line with the values of La Mutuelle Générale, this acquisition fits perfectly with the investment strategy of the SCPI LF Avenir Santé, given the central locations of the buildings and the fact that it meets the extra-financial criteria of its selection policy, which targets assets that help to fight the lack of healthcare or medico-social infrastructure while supporting the quality of patient care,” explains Jérôme Valade, Head of the healthcare real estate division, in the press release.
by matt | Oct 21, 2022 | deals
Fairway advised Cofinance in the commercialization of the I-conic building located at 32 rue Joannès Carret in the Vaise district of Lyon (9e). While Nexity’s Lyon-based subsidiaries have leased over 9,000 square meters of this office complex in June 2022, the site will be receiving a second tenant. This is a subsidiary of a CAC 40 company, which will be installing its teams on more than 4,700 sq.m. of floor space after completion of the development work.
“This subsidiary will benefit from numerous green terraces, a roof top amphitheater and integrated services within the building, which has also achieved Breeam Very Good & RT2012 -20% certification,” states Cofinance. With this new development, the 13,800 square foot program, designed by Brenac & Gonzalez Associés and developed by Nexity Promotion, is fully marketed.
“This transaction is a perfect example of Cofinance’s commitment to attracting high quality tenants to its portfolio for whom convenience and flexibility are the new allies for employees,” said Thomas Leclerc, Director of Asset Management at Cofinance.
by matt | Oct 18, 2022 | deals
Fairway advised Primonial REIM on the acquisition on behalf of the SCPI Primopierre of the Sensorium program from Sogeprom-Projectim and Bouygues Immobilier, who conceived the project.
The Sensorium building, located in the La Madeleine area near Lille, for which Eiffage Construction is responsible, comprises 18,000 square meters of office space, as well as 135 housing units, including 41 social rental units and adapted housing for young autistic adults (landlords: 3F NL and Logis Métropole), as well as shops, restaurants, services and additional office space.
This tertiary complex, designed by the Dehaene + Partenaire agency (landscape architect: Urbafolia), will be home to Malakoff Humanis, which has signed a lease in the future state of completion for just under 10,000 m² by 2025.
by matt | Oct 5, 2022 | deals
Fairway advised the Compose group (Coliving Factory) on the legal and tax aspects of the opening of its capital to the investment company JCDecaux Holding. The Compose group, which currently operates 4 residences and has about 20 residences under development (corresponding to about 1,200 units), spread over more than 20 cities in France, intends to accelerate its development.
“This is a major step forward for us. We are pleased to welcome JCDecaux Holding to our side. We chose this new strategic partner because our values and visions are very similar. We are now even more confident in our ability to execute and surpass our development plan,” said Guillaume Robert-Legrand, Chairman and Founder of the Compose Group, in the press release.
