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 the Grand Lyon metropolis, Ecully, Caluire and Cuire (69).

“This transaction is part of our strategy to invest in quality office buildings within established geographic areas. Leased to leading tenants, the properties of this portfolio benefit from a very good location in the Grand Lyon metropolis, quality services, as well as environmental performances such as BREEAM In-Use, HQE and Effinergie + “, said Grégory Frapet, the chairman of the executive board of Primonial REIM, in the press release.

Meka Brunel, the managing Director of Gecina, adds: “This transaction is perfectly in line with the Group’s strategy to strengthen its office specialization in the most central areas of the Paris region, where LTV is below 40% as announced during the acquisition of Eurosic. “