Europa Capital makes sale and leaseback investment in Paris (FR)

Europa Capital LLP, the general partner of Europa Fund III, is pleased to announce the acquisition of Renault's convention center, situated in the southwestern Parisian suburb of Boulogne-Billancourt.

The acquisition has been made in conjunction with Christopher Curtis, Europa Capital's long term Country Partner in France.

The 17,000-m² building occupies a 10,500-m² site fronting the river Seine and the Ile Seguin and will be leased back to Renault.

As well as being the second most populous commune in the Île de France with convenient Metro access to the city center, Boulogne-Billancourt is also headquarters to many major corporations including Renault, TF1, OECD, Ipsen, Colas, Cegedim and Henkel France.

Europa was advised by Horizon IM and Promeva, Salans and Le Breton & Associés.

Renault was advised by SCP Begon, Herbert, Bougeard & Brulon.

Source: Finsbury PR

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