04.08.2015, 14:01
Immochan France sold a portfolio of 22 assets to Primonial Reim
OREANDA-NEWS. Primonial REIM has acquired a portfolio of 22 commercial assets in France from Immochan for
125 million euros (including rights).
These 22 assets, distributed over 15 municipalities in France, represent nearly 80,000 m² and include close to 245 tenants, mostly national retailers such as Body Minute, Chaussea, Flunch, Jules, Kiabi, La Halle, Marionnaud and Nocibé. T
he portfolio, mainly made up of shopping galleries adjoining Auchan hypermarkets includes, in particular, the galleries of Bar-le-Duc (55), Beauvais (60), Calais (62), Coignières (78), Macon (71), Noyon (60), Perols (34), Woippy (57) and Viry-Noureuil (02). The transaction also includes several Retail Parks located in Avignon (84), Brétigny-sur-Orge (91), Leuville-sur-Orge (91), Maurepas (78) and Savigny-le-Temple (77).
This operation was conducted on behalf of Primonial REIM.
This operation is part of the Immochan development strategy which involves, in the next 3 years, about fifty new projects and expansions of shopping centers abroad. The company will invest more than 1.5 billion euros gross in the development and improvement of its park by 2017.
The transaction was carried out by DC Advisory (exclusive mandate) on behalf of Immochan France.
Immochan France was advised on this operation by the Thibierge & Associés firm (Counsellorat-law Jacques-Laurent Renucci).
Primonial REIM was advised by the Allez & Associés notarial firm (Counsellor-at-law Guillaume CHEMITHE), the LPA law firm (Counsellor-at-law François-Régis Fabre Falret) and White-Stone.
ABOUT IMMOCHAN
Founded in 1976, Immochan, Auchan's property subsidiary, is now one of the leading business property firms in Europe for shopping centres. Immochan France is the 1st real-estate company in France regarding the number of leases and the 3rd regarding the asset-based value and the amount of square metres managed. The company welcomes 300 million visitors in France every year. Immochan's mission is to assist the Auchan Group's retailers and to develop the best customer traffic in its retail and living areas. The company has based its expertise as a global operator on 4 major business areas: promotion, leasing management, operation and asset management. A strategy of overall responsibility that guarantees its private and public partners the dependability and durability of each of its programmes throughout the world.
ABOUT PRIMONIAL REIM
The vocation of Primonial Real Estate Investment Management (Primonial REIM), a portfolio management company that was approved by the AMF (Financial Markets Authority) in 2011, is to design and manage a range of investment vehicles that convey its strong convictions on the real-estate markets. Its purpose is to make available to the greatest number possible a range of office, retailer and lodging REITs. Primonial REIM, as a portfolio management company, constitutes and manages OPCIs (property investment mutual funds) dedicated to institutional investors. On 10 June 2014, Primonial REIM obtained the AIFM (Alternative Investment Fund Manager) approval from the Autorité des Marchés Financiers (Financial Markets Authority) to manage Alternative Investment Funds (FIA), subjected as such to reinforced obligations, in particular in terms of information, monitoring of liquidity and risks management. The President of the Executive Board is Laurent FLECHET. The Directorate General is made up of Grégory FRAPET and Stéphanie LACROIX.
These 22 assets, distributed over 15 municipalities in France, represent nearly 80,000 m² and include close to 245 tenants, mostly national retailers such as Body Minute, Chaussea, Flunch, Jules, Kiabi, La Halle, Marionnaud and Nocibé. T
he portfolio, mainly made up of shopping galleries adjoining Auchan hypermarkets includes, in particular, the galleries of Bar-le-Duc (55), Beauvais (60), Calais (62), Coignières (78), Macon (71), Noyon (60), Perols (34), Woippy (57) and Viry-Noureuil (02). The transaction also includes several Retail Parks located in Avignon (84), Brétigny-sur-Orge (91), Leuville-sur-Orge (91), Maurepas (78) and Savigny-le-Temple (77).
This operation was conducted on behalf of Primonial REIM.
This operation is part of the Immochan development strategy which involves, in the next 3 years, about fifty new projects and expansions of shopping centers abroad. The company will invest more than 1.5 billion euros gross in the development and improvement of its park by 2017.
The transaction was carried out by DC Advisory (exclusive mandate) on behalf of Immochan France.
Immochan France was advised on this operation by the Thibierge & Associés firm (Counsellorat-law Jacques-Laurent Renucci).
Primonial REIM was advised by the Allez & Associés notarial firm (Counsellor-at-law Guillaume CHEMITHE), the LPA law firm (Counsellor-at-law François-Régis Fabre Falret) and White-Stone.
ABOUT IMMOCHAN
Founded in 1976, Immochan, Auchan's property subsidiary, is now one of the leading business property firms in Europe for shopping centres. Immochan France is the 1st real-estate company in France regarding the number of leases and the 3rd regarding the asset-based value and the amount of square metres managed. The company welcomes 300 million visitors in France every year. Immochan's mission is to assist the Auchan Group's retailers and to develop the best customer traffic in its retail and living areas. The company has based its expertise as a global operator on 4 major business areas: promotion, leasing management, operation and asset management. A strategy of overall responsibility that guarantees its private and public partners the dependability and durability of each of its programmes throughout the world.
ABOUT PRIMONIAL REIM
The vocation of Primonial Real Estate Investment Management (Primonial REIM), a portfolio management company that was approved by the AMF (Financial Markets Authority) in 2011, is to design and manage a range of investment vehicles that convey its strong convictions on the real-estate markets. Its purpose is to make available to the greatest number possible a range of office, retailer and lodging REITs. Primonial REIM, as a portfolio management company, constitutes and manages OPCIs (property investment mutual funds) dedicated to institutional investors. On 10 June 2014, Primonial REIM obtained the AIFM (Alternative Investment Fund Manager) approval from the Autorité des Marchés Financiers (Financial Markets Authority) to manage Alternative Investment Funds (FIA), subjected as such to reinforced obligations, in particular in terms of information, monitoring of liquidity and risks management. The President of the Executive Board is Laurent FLECHET. The Directorate General is made up of Grégory FRAPET and Stéphanie LACROIX.
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