Fairway advised La Française REM on the financing aspects of the acquisition from Altarea Entreprise of Campus Cyber, a 26,500 sq.m. office building in Puteaux (92), located at 5-7 rue Bellini in the heart of La Défense. Scheduled for delivery in 2021 and designed by Christian de Portzamparc, Campus Cyber (formerly Eria) is part of the French government’s strategy to accelerate cyber security. The building has five basement levels and 13 floors above ground. Built to the latest environmental standards, it has several labels and certifications such as NF HQE Exceptional, Effinergie +, Wiredscore Platinium, Breeam excellent level and Well Silver. Its energy performance will be equivalent to RT 2012 minus 40%. The Cyber Campus is fully leased for a period of 10 years to a single lessee, 45% of which is the French government and 55% of which is made up of major private groups.

This acquisition was made on behalf of investment vehicles managed by La Française REM: four SCPIs, LF Grand Paris Patrimoine, Epargne Foncière, Crédit Mutuel Pierre 1 and Sélectinvest 1, and two non-trading companies distributed in real estate units of account.

Philippe Depoux, Chairman of La Française Real Estate Managers, said: “With the acquisition of Campus Cyber, we are proud to invest in a building that is iconic in many respects: its architecture, its commitment to responsibility – it is one of the very few assets aligned with Taxonomy – its technologies and services deployed, not to mention the theme of cybersecurity, in line with our group’s commitment to sustainable development, which is supported by the tenants in the building.