SFL Acquires SMA's Historical Headquarters Building in Paris
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170115005031/en/
SFL (Paris:FLY) has entered into a €165 million deal to acquire the historical headquarters building of the SMA group (SMABTP, SMAvie). The building occupies a prime site at 112-122 avenue Emile Zola, in the heart of Paris's 15th arrondissement . It is surrounded by a mix of residential and commercial real estate and is well served by public transport.
Contracts will be exchanged when SMA moves to its new headquarters in the fourth quarter of 2017.
The roughly 21,000-sq.m. building dating back to 1966 stands on a 6,300-sq.m. plot featuring a tree-filled garden that offers a wide range of options. SFL intends to restructure the property as a new major business centre in the west of the capital.
With this acquisition, SFL is pursuing its value creation strategy and confirming its leadership of the Paris prime office property market as well as its aim of offering current and future clients the best possible work environment for developing their businesses and attracting talent.
"We are focusing on making targeted acquisitions of completely outdated office properties in high potential districts that we can redevelop and put back on the market as prime new products aligned with current expectations and office use practices," said Dimitri Boulte, SFL's Managing Director and Chief Operating Officer.
In this transaction, SFL was advised by the Lacourte Raquin Tatar and Allen & Overy law firms and 14 Pyramides, a notary's office. SMA was advised by the Gide Loyrette Nouel and CMS Francis Lefebvre law firms, as well as notary's office Oudot et Associés and real estate advisors Stratégies & Corp and JLL.
Leader on the prime segment of the Parisian tertiary real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €5.5 billion and is concentrated on the Central Business District of Paris (Louvre Saint-Honoré, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB stable outlook
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
NY-MADISON-REALTY17.11.2017 17:22 | pressemeddelelse
Madison Realty Capital Provides $64.0 Million Construction Financing for 200 Kent Avenue Development in Williamsburg, Brooklyn
NCARDIA17.11.2017 13:33 | pressemeddelelse
Ncardia Announces Completion of €10.5M Investment Round
VOCALINK17.11.2017 10:37 | pressemeddelelse
Double Win for Vocalink at the 2017 Payments Awards
ENVION-AG17.11.2017 10:02 | pressemeddelelse
Envion AG: Start-up from the Heart of Berlin Has Pioneered Decentralized Mobile Mining by Combining Blockchain with Regenerative Energy
CHUGAI-PHARMACEUTICAL17.11.2017 00:32 | pressemeddelelse
Chugai's HEMLIBRA® Receives the World's First Regulatory Approval from FDA for Hemophilia A with Inhibitors
PACIFIC-DRILLING-S.A.16.11.2017 23:10 | pressemeddelelse
Pacific Drilling Receives Approval of First Day Motions
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum