Foncière Renaissance is investing in the 11th arrondissement of Paris.
As part of its value-added strategy, Foncière Renaissance has acquired 27 rue du Grand-Prieuré in the 11th arrondissement of Paris from a family-owned property. This mixed retail/office/residential building, which is 100% leased to several tenants, has a floor area of approximately 1,830 sqm.
"In an ultra-competitive context of search for Parisian assets, this acquisition of a building in the immediate vicinity of the "République" transport hub demonstrates Foncière Renaissance's know-how in sourcing assets to be repositioned in a high-potential sector," says Julien Laclie, Associate Director of Foncière Renaissance.
"This mixed-use building, historically owned by a family, offers significant opportunities to create value. Foncière Renaissance's teams will implement a programme of works to provide services that meet the current needs of users," says Éric Bendavid, founder and chairman of Foncière Renaissance.
Foncière Renaissance was assisted in this transaction by C&C Notaires (Armand-Loïc Bouissou), My Money Bank (financing), Deloitte (tax) and Ginkgo Avocats (urban planning).
The transaction was carried out by Catella, counsel to the seller and the buyer.
Source : Business Immo