Fri, 05/09/2014 - 14:55
LBO France and Maple Knoll Capital have acquired assets in a recently closed portfolio transaction concerning four office buildings in the outskirts of Paris.
The portfolio includes a 17,000 sq m environmentally certified office building in St Ouen let to Alstom Transports with a 12-year firm lease, as well as three additional office assets.
Phillip Burns, CEO of Maple Knoll Capital, says: “This is our first deal in France and follows our recent acquisition of a 60,000 sq m office building in Munich, Germany. Maple Knoll is focused on value-add and opportunistic real estate and we continue to see selective opportunities in Europe.”
Stéphanie Casciola, head of real estate at LBO France, says: “This is our third acquisition since the start of the year, following that of the 24 light-industrial asset LIPS portfolio in Ile-de-France and a 10,000 sq m office building located in the French CBD La Défense (Le Cap). These acquisitions illustrate our ambition to be increasingly active in the context of a recovering French market, which particularly lends itself to value added investment strategies.
The investment department of Catella brokered the transaction representing over 60,000 sq m. Natixis provided financing to both LBO France and Maple Knoll Capital.
LBO France and Maple Knoll Capital were advised by Clifford Chance (Francois Bonteil, Adeline de Menonville), Wragge & Co (Pierre Appremont, Pierre-Emmanuel Chevalier) and by Etude Monassier (Sylvie Burthe-Mique, Guillaume Palais).
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