Fairway advised a fund managed by Mata Capital on the acquisition with a French institutional and from Mercialys (the group Casino listed property company) of two Monoprix stores located in Saint-Germain-en-Laye (78) and La Garenne-Colombes (92). These two assets, covering a total area of 15,000 sq.m, are sold by Mercialys based upon a valuation of €100M or 6,600€/sq.m. Monoprix has recently renewed the leases of the two stores for a period of nine
Fairway has advised the CIPRES insurance group in the negotiation and drafting of a commercial lease for office use only with a minimum term of nine years relating to premises of 4,200 sq.m located in the ECOWEST building in Levallois
Fairway advised the residential real estate fund named opéra and managed by Stam France IM for the acquisition from a private seller of two residential buildings located in Neuilly-sur-Seine, rue Madeleine Michelis, with a surface area of 2100 sq.m. "The Opera Fund targets an investment capacity of approximately € 500M and will continue to invest in qualitative residential assets located in the French capital," says Maud Wargny, acquisitions director at Stam Europe. The Neuilly buildings,
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
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,
Fairway advised Générale Continentale Investissements (GCI) and Benson Elliot Capital Management (BECM) on the financing aspects regarding the setting up of their partnership for the construction of the Latitude project, in the district of La Défense, in Courbevoie (92). This future building designed by Architecture Studios, resulting from the restructuring and the enlargement of the old building named Berkeley, will able to accommodate 1 800 people. It will be developed by Bouygues Bâtiment Ile-de-France -
Fairway advised Stam Europe on acquiring, from the Casino Group, two logistics platforms of approximatively 110,000 sq.m, on behalf of the Highlands Logistics and Athena Investments funds. The two assets, located respectively in Besançon and Saint-Etienne, are leased to Easydis (73,000 sq.m) and to the e-commerce company Cdiscount (37,000 sq.m). Both warehouses are secured via long-term leases. Stam Europe is pleased to have completed these two "sale and lease back" transactions with the Casino Group.
Fairway advised Primonial REIM on the financing and the acquisition of a portfolio of office buildings located in Lyon, from Gecina, whose sale agreement (under precedent conditions) had been signed during the summer 2018 for € 266 million, “deed in hands”. This portfolio composed of 9 buildings with a surface area of approximately 60,000 sq.m, includes the Terralta, Panoramic and Murano office buildings in the heart of Lyon, as well as other assets located in
Fairway advised JCDecaux Holding in its acquisition of a significant stake, alongside the City of Biarritz (64), in the Hotel du Palais, one of the only luxury hotels along the Atlantic coast, and in the negotiation of a management contract with the new operator of the hotel, Hyatt Hotels Corporation, under the Unbound Collection by Hyatt brand. In addition to this equity contribution, Socomix, the semi-public company owning the hotel, signed up a € 50
Fairway advised Primonial REIM, owner of Carré Pleyel 2 property, on the legal aspects of the joint venture agreement entered into with AG Real Estate, owner of Carré Pleyel 1 property, to unify these two assets. The 10-year joint venture will enable, on one hand, all users to benefit from a common base of services, a redevelopment of the common areas and the potential development of joint office areas (5000sq.m) and, on the other hand,