La Française Real Estate Managers (REM), a real estate asset management firm with assets under manager of over €32 billion (as at 30/06/2023), has finalized the off-plan acquisition, from Altarea Logistique, of a business park, Technoparc de Lamirault, in Collégien (77), at the entrance of the Economic Activity Zone (ZAE) de Lamirault.
The business park is located at the intersection of highways A4 and A104, 20 minutes from Paris and 30 minutes from the Charles de Gaulle and Orly airports. It is easily accessible and well serviced with retail shopping centers in the vicinity as well as the research and training cluster « Cité Descartes ».
The business park Technoparc de Lamirault encompasses seven buildings (representing a total surface area of 16 690 m2). La Française REM had already acquired six buildings which are today fully let. The acquisition of building F, which will offer 3 793 m2, marks the completion of the operation. With delivery expected in 4Q 2024, the light industrial asset will meet HQE (high performance level) standards. A clean construction site charter imposes the safeguarding of biodiversity and the recycling of at least 70% of waste materials. Additionally, solar panels (covering 30% of the roof surface), a smart water meter and a charging station for electric vehicles will be installed.
Thierry MOLTON, Managing Director of La Française Real Estate Managers - Retail Division, concluded, “The good location of the asset (East of Paris), in a zone already well developed and home to a hundred businesses, the taking into account of La Française ESG prerequisites from the outset of construction, etc. are all factors that underline the quality of this investment.”
This acquisition, for a transaction volume of just over €7 million (deed in hand), was closed on behalf of a collective real estate investment vehicle.
La Française REM was advised by 14 Pyramides.