2024-01-05 0:00 CET, France | Investment Management | Press release
Launched in September 2023 by Axipit Real Estate Partners, the SCPI Upêka closed the last financial year with the acquisition of a new asset in the Netherlands, having previously signed two retail units leased to international fitness operator Basic-Fit in Spain.
The latest transaction involves a mixed office and business premises building of 2,400 sqm near The Hague, structured as a sale-and-leaseback with NFGB Group, an audiovisual solutions provider and long-standing occupant since the late 1990s, bound by a firm 7-year lease. The net initial yield on this deal is 7.80%.
Upêka was advised on this transaction by Aquila Asset Management, Prime Real Estate, Catella IM Benelux, AKD, and PVM (technical). The seller was advised by Spring Real Estate and KDLP.