New Club Med village to be developed by €96m dual investment (FR)

ski resort photo

On July 20, Foncière des Regions and Assurances du Crédit Mutuel signed a lease and property development contract with Club Med to develop a new Village in Samoëns-Morillon in the Haute-Savoie. Acting as equal investors, Foncière des Regions (via its subsidiary Foncière des Murs) and Assurances du Crédit Mutuel are building on their longstanding partnership with Club Med, who will operate this Village under a 12-year lease with fixed rent.


At the foot of the slopes of a vibrant ski resort, this new 4 Trident Village will offer 420 rooms. Catering to the luxury market, this Village will also be the ideal destination for family holidays, welcoming children as young as 4 months. The Samoëns-Morillon Village will be open all year round and looks forward to greeting its first guests in December 2017.


Developed by the Club Med teams, this resort is the fruit of a €96m investment, split equally between Foncière des Regions and Assurances du Crédit Mutuel, long-term partners of the worldwide leader in all-inclusive, premium holidays based on French expertise. Foncière des Regions already owns 1 Club Med Village in Portugal and Assurances du Crédit Mutuel is the owner of 4 Club Med Villages in France.

 

As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €18bn (€12bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.


Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.


Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF “SIIC France” and CAC Mid100 indices, in the “EPRA” and “GPR 250” benchmark European real estate indices, and in the FTSE4 Good, DJSI World and Euronext Vigeo (World 120, Eurozone 120, Europe 120 et France 20) ethical indices. Foncière des Régions is rated BBB/Stable by Standard and Poor’s.

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