Affine has just acquired three office buildings totalling 11,800m² GLA in the west of the Paris Metropole area for €42.5m (including transfer taxes) from LBO France.This acquisition will enable to increase its annualised rental income by €2.7m.
In Suresnes: 6,346m² of office space and 170 parking lots
The building is located in Suresnes, on the banks of the Seine, in the centre of a commercial and business district where major groups including Airbus, Dassault, Capgemini and Gfk are located. The district has excellent public transport connections, including the T2 Tram Line, the Transilien Suburban Railway Service L and U Lines, as well as a large number of bus lines. It is also close to the A13 and A14 motorways via the Seine quayside.
The building has an occupancy rate of 97%, develops 6,346m² over eight floors, occupied by three tenants, and has 170 parking lots. It forms part of a larger property complex of 60,000m².
In Clichy: 3,400m² of office space and 58 parking lots
The building is located in the “Espace Clichy” Business Park in the André Citroën Mixed Development Zone, which includes retail outlets, offices and housing. The building is easily accessible by road (towards Porte de Clichy and the Seine quayside) and by public transport, including a large number of bus lines. It is close to RER C train line and to the Mairie de Clichy metro station (Line 13), which will be the final stop on Line 14, scheduled for 2019. The building is occupied by four tenants on three floors, includes 3,400m² of office space and industrial areas and 58 parking spaces in the basement, and has an occupancy rate of 82%.
In Courbevoie: 2,068m² of office space and 38 parking lots
This asset benefits from an excellent location in the vicinity of La Défense Business District. Its location makes it very easily accessible by road, as it is very close to the Seine quayside, the N13 and A14 motorways, and La Défense ring road, a little further away. There is a wide variety of public transport options, including the La Défense Esplanade metro station (Line 1), the No. 2 tram line, and several bus lines.
The building develops 2,068m² GLA over four floors and offers its four tenants a functional and dividable office space, and 38 parking lots in the basement. Its occupancy rate comes out at 100%. This acquisition is in line with Affine’s investment strategy, which aims for balanced development between the Paris Metropole area and major regional cities, and will make a €0.6m contribution to rental income in Q4 2017.
BNP Paribas Real Estate acted as adviser to the vendor for this transaction. The respective notaries representing the vendor and the buyer were Maître Marc Paturel from Wargny Katz, and Maître Raphaëlle De Beaumont from Haussmann.
