Abenex is pleased to announce the acquisition, on behalf of its SRI-certified real estate fund, Abenex Value I, of an asset located at 6-6bis rue Laferrière, within the Saint-Georges neighborhood, the historic heart of the 9th arrondissement of Paris.
This real estate complex is a missed-use building (60% offices, 40% residential, parking), held in full ownership and offering a total floor area of nearly 3,500 m² in superstructure on five levels (300 parking spaces over 7 500 m²). In line with its value-add strategy and the SRI label of Abenex Value I, this asset, built in 1994 and never restructured since, will undergo a repositioning program in order to meet new market standards from an energy and as well as technical point of view, to enhance the future occupiers’ experience and use..
This acquisition brings together the three main investment criteria of Abenex Value:
(i) an adjusted level of risk for an existing asset given its location and in the current market environment;
(ii) a potential for additional constructability, rental optimisation and upgrading of its SRI performance
(iii) a value creation angle with adjustments in terms of uses, particularly in the basements.
This new transaction constitutes the 8th acquisition of Abenex Value I. Arkéa Banque, Caisse d’Epargne Ile de France and Banque Populaire Val de France co-arranged the bank financing.
“We are delighted to have finalised this new acquisition which demonstrates our ability to structure mixed and complex transactions in Paris, particularly in the current market environment.” comments Vincent Brunswick, partner of Abenex REIM”
Prévoir Group adds : “PREVOIR-VIE is a life insurance company founded in 1910 which carries out little arbitrage on its real estate assets, in line with its policy of long-term holding of its investments. We are therefore delighted to have placed our trust in ABENEX so that this operation can be a mutually beneficial outcome.”
