Paref Gestion acquired an office building in Vefa, in the heart of the city of Toulouse, within the eco-district of La Cartoucherie, with Eiffage Immobilier, which will be responsible for the project management and construction.
This building has an area of 1,934 m². It will be 80% occupied by the regional offices Midi-Pyrénées of Eiffage Construction and Eiffage Immobilier in the framework of a 6-year firm lease which will take effect on delivery of the building scheduled for October 2018.
The project, which is part of a sustainable development approach, aims to achieve BREEAM certification. This office building completes the "Signature" operation in which Eiffage Immobilier has already delivered 110 homes, all of which have found buyers.
Paref Gestion acquired a new fund for the Foncière Sélection Régions, which is dedicated to investing in office assets in the regions, created in partnership with a private bank.
On this operation, Paref Gestion was advised by the Notaire Lecoeur et Associés (Nanterre 92) and the assistant to the project manager Elan. The seller Eiffage was advised by the Daveze et Associés study in Toulouse.
This transaction is part of Paref Gestion's strategy to structure new funds dedicated to specific clienteles in order to invest in typologies of real estate assets selected for their intrinsic qualities throughout France.