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LBO France, via its White Stone VII fund, and CDC Investissement Immobilier, on behalf of Caisse des Dépôts, announce the acquisition in Vefa of the Network II building located in Bagneux, from developers Codic and Nexity. The acquisition in blank of this new building was carried out jointly with CDC Investissement Immobilier, up to 50% each.
The operation was financed by a banking consortium formed by Natixis and Scor. It follows the acquisition in 2018 by LBO France of the first Network I phase of this program, which was delivered in September 2020.
This office building will have a surface area of approximately 16,000 m². Designed by the architectural firm Brenac & Gonzalez, it consists of eight floors of offices with an attic rooftop with a cantilever at the intersection of avenue Victor-Hugo and boulevard Aristide-Briand. It offers a substantial range of services (including a restaurant, a cafeteria, and a connected concierge service) and a capacity of 1,330 people, the workspaces in the DRC can also be transformed into ERP2.
The whole unit will have Breeam (Excellent level) and HQE (Excellent level) environmental certifications and labels, will comply with RT 2012 – 30%, and will benefit from WiredScore Platinum level certification.
Construction of Network II has already started and delivery is scheduled for the end of 2022.
“We are very pleased to launch the second tranche of the Network program in partnership with CDC Investissement immobilier, CDC’s property asset management subsidiary,” said Stéphanie Casciola, Head of Real Estate, LBO France. This 50/50 acquisition is the result of a shared conviction as to the attractiveness of the investment, through the quality of the building, perfectly suited to current user criteria, its rental positioning and its location, at the foot of the new metro station. “
“Benefiting from a triple service by public transport (M4, RER B, and eventually M15) allowing to reach the center of Paris in 15 min, Network II offers its occupants accessibility, comfort and modularity of workspaces, explains Julien Rouillon, Managing Director, LBO France. Its design, resolutely oriented towards environmental requirements, the attention paid to renewal and high air flow (100% fresh air) as well as the large openings to the outside, on all floors, make Network II a choice particularly well suited to current user expectations. “
“In the current market context, this transaction illustrates CDC Investissement Immobilier’s ability to pursue its strategy of investing in value-creating transactions,” says Arnaud Taverne, CEO of CDC Investissement Immobilier. We are also very happy with this first partnership with LBO France, with whom we share a common vision of the real estate of tomorrow, in particular in terms of environmental performance and services offered to users. “
“Always very attentive to the quality of service to our operations, we are pleased to once again reinforce our presence in a sector which will see its attractiveness accentuated by the arrival of lines 4 and 15 of Grand Paris, of which a station is in operation. under construction in the immediate vicinity of Network II ”, assures Renaud Delaidde, investment director of CDC Investissement Immobilier.
“Real estate is today at the heart of the transformation of business organizations,” says Véronique Bédague, Deputy CEO of Nexity. We are working to reinvent the office to offer healthy and sustainable places, and spaces that allow you to create together and effectively. In addition to its ambitious architecture, Network II has been designed to respond to the changing practices of users seeking flexibility and new uses. “
“We are very proud at Codic to have been able to finalize this transaction with our partner Nexity in this very specific context,” says Yann Le Gall, Deputy Managing Director at Codic France. Network II will complete the built front of the RN20 after Résonance and Network I. We have been working for ten years on this Victor Hugo eco-district ZAC, the attractiveness of which will soon be reinforced by the arrival of the two metro lines L4 and L15. In addition, the size of the operation is perfectly in line with the demand recently expressed in this sector and we wish LBO France and CDC a great rental success. “
Nexity and Codic have been supported since the start of this operation by BNP Paribas CIB, which financed the acquisition of the land and the demolitions. BNP Paribas CIB then intervened with the promoters to support them in the sale to LBO France and the CDC by granting a support loan and issuing guarantees.
LBO France (Stéphanie Casciola, Julien Rouillon) was advised by the notarial office Monassier & Associés (Sylvie Burthe-Mique), the firms Sekri Valentin Zerrouk (Pierre-Emmanuel Chevalier) and Kramer Levin (Pierre Appremont), and the company Rom ( Hervé Roux) as technical auditor and AMO. CDC Investissement Immobilier was supported by the firm BG2V (Quentin Leroux / Jean-Sébastien Dumont) and the company Theop (Sébastien Alphand).
The vendors Nexity and Codic were advised by the notarial office TSD Notaires, the firm Brun Cessac Avocats Associés and the Cabinet LPA for financial structuring.
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