Fairway advised Primonial REIM on the acquisition of a seven real estate assets portfolio located rue de la République in the 1st and 2nd arrondissements of Lyon from the wholly-owned subsidiary of Abu Dhabi Investments Authority (ADIA). In this transaction, Primonial REIM has intervened on behalf of a club deal bringing together one of its funds as well as an institutional investor, Compagnie Foncière Lyonnaise, the Crédit Agricole Centre Est’s real estate subsidiary.

The portfolio is made up of 67 housing, 25 businesses and 23 office premises with a total surface area of 14,350 sq.m. This mixed-used property complex has an occupancy rate of 96%. The assets are located in Rue de La République, the main shopping street in Lyon, and are in the immediate vicinity of the Opera, the Town Hall and the Stock Exchange.

“As part of our strong growth, we are proud of this beautiful acquisition in the emblematic artery of Lyon. This acquisition illustrates the strategy of Primonial REIM to invest, in a long-term perspective on behalf of its institutional clients, in assets located in mature territories, in the heart of the city, real places of life, work and destination for residents and users ” said Grégory Frapet, chairman of Primonial REIM, in the press release.