SFL Buys 9 Avenue Percier in Paris
June 30 2015 - 12:43PM
Business Wire
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9 Percier - Société Foncière Lyonnaise
(SFL) (Photo: Business Wire)
The Société Foncière Lyonnaise (Paris:FLY) has acquired a
building located at 9 avenue Percier in the 8th arrondissement of
Paris from Eurosic, at a price of €68 million including
transfer costs.
This 6,000-sq.m. office building in the heart of the Central
Business District is principally leased to the EDF Foundation
(31%). It benefits from excellent intrinsic qualities (Art Deco
building, historic courtyards, double lobby, 900-sq.m. floorplates,
exceptionally high ceilings, abundant natural light, etc.) and
offers potential to create value through the optimisation of the
rental situation (leasing of three vacant floors, improvements to
remaining lease terms).
“This transaction confirms our determination to invest in
Parisian ‘prime’ properties, whether core or value-added, that
enable our teams to extract their full potential by adapting them
to the needs of the market and of our potential customers. This
asset will also enable us to propose a high-quality alternative to
our major business complexes located in the neighbourhood,” states
Aude Grant, Head of Transactions and Business Strategy at SFL.
The buyer was advised by the law firms Freshfields Bruckhaus
Deringer and Oudot & Associés and the seller was advised by
Cheuvreux.
ABOUT SFL:Leader on the prime segment of the Parisian
tertiary real estate market, the Société Foncière Lyonnaise stands
out for the quality of its property portfolio, which is valued at
4.5 billion euros 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- positive outlook
www.fonciere-lyonnaise.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150630006265/en/
SFLThomas Fareng, Phone: + 33 (0)1 42 97 01
51t.fareng@fonciere-lyonnaise.com
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