PAREF Gestion announces that it has finalized the acquisition, on behalf of SCPI Interpierre France, of the “Longchamps” real estate asset for nearly EUR 22 million.
Located in Marseille, in the 10th arrondissement, in the heart of a mixed residential, office and retail district, the “Longchamps” asset is an office building, delivered in 2009 with a floor space of nearly 8,800m² and 230 spaces. parking lot. The asset is close to the main traffic axes of Marseille, the A50 which connects Marseille to Aubagne, the Rocade L2 which joins the city center as well as the South Urban Boulevard.
The asset has a very good occupancy rate of 94% with quality tenants, the main ones of which are affiliated with the French State and with long residual lease terms.
This major acquisition completes the Interpierre France portfolio, which thus reached a volume under management of 175 MEUR.
«We are delighted with this very fine acquisition in Marseille, the asset is ideally located and has quality tenants invested in the development of local economic life. We are deploying Interpierre France’s strategy by strengthening our presence in the heart of the most dynamic French regions in order to build up quality corporate real estate assets and create long-term value for our partners.»Anne Schwartz, Managing Director of PAREF Gestion
For this transaction, PAREF Gestion acquired the asset from Batipart, the entrepreneurial holding company of Charles Ruggieri and was advised by the Oudot firm and the Elan firm.
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Find all the documentation on the site paref-gestion.com
Disclaimer: This document is intended exclusively for journalists and professionals of the press and media. It is provided for information purposes only and does not constitute an investment recommendation or personal advice. Investing in SCPI shares involves risks. Before any subscription, refer to the regulatory documents available on paref-gestion.com
PAREF is developing in two complementary business sectors: (i) investment through the real estate company SIIC PAREF mainly in business property in the Paris region (€ 0.2 billion in assets as of June 30, 2020) and (ii ) management on behalf of third parties through PAREF Gestion (€ 1.8 billion of funds managed as of June 30, 2020), a management company approved by the AMF and PAREF Investment Management (€ 0.4 billion as of June 30, 2020). PAREF is a SIIC real estate company, listed on compartment C of Euronext Paris – FR0010263202 – PAR
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