Realy, the real estate investment arm of Yam Invest, has acquired the Centrale Parc business park in the Paris region from a joint venture of GE Real Estate and Soci茅t茅 de la Tour Eiffel. The financial details were kept confidential.
Realy, the real estate investment arm of Yam Invest, has acquired the Centrale Parc business park in the Paris region from a joint venture of GE Real Estate and Soci茅t茅 de la Tour Eiffel. The financial details were kept confidential.
Centrale Parc is a 13,000 m2 business park comprising nine buildings which were built in 1989, located in Ch芒tenay-Malabry (Paris region) between the Coul茅e Verte (green alley) and Parc de Sceaux. Around 93% of the park is leased to seven first rates tenants.
Realy oversees the sourcing, execution and valuation of the real estate investments of Yam Invest and its potential partners. This is the first acquisition in France for the Realy team, which is led by Florent Gardette and Camille Barrois.
'This acquisition, closed without financing conditions, fits perfectly with our investment strategy to acquire value-added properties in the Paris region for a minimum of EUR 20 mln,' said Florent Gardette. 'It offers our investors an immediate attractive return with good medium-term value creation prospects. We plan to continue making acquisitions on this favourable market.'
