Fairway advised JCDecaux Holding in the context of its capital partnership with the real estate company LFPI and the developer Les Nouveaux Constructeurs for the acquisition in future state of completion of Konnexion, a 7,200 sq.m. office and retail building located in Ivry-sur-Seine and scheduled to be delivered in the first half of 2024.
“This transaction is fully in line with JCDecaux Holding’s value creation strategy, with a serviced building located in a town bordering Paris, well connected to public transport. It will benefit from the positive dynamic of the development of the area orchestrated by Sadev 94, with in particular the forthcoming arrival of the Caisse des Dépôts”, says Emmanuel Russel, Chairman of JCDecaux Holding Immobilier.
The investment is controlled by JCDecaux Holding, which is responsible for asset management.