• New regulations for real estate trusts have created the opportunity to acquire small, commercial (mostly office) asset portfolios from leading banks
  • These portfolios typically comprise rented assets in secondary locations, assets to be repositioned and partially to totally vacant properties
  • To date, 3 portfolios have been acquired (Archipel, Cyclades and Mosaique)

    • total of 63 assets, 106,000 m2 with approximately 85% by value in Paris area
    • 31% vacancy due to under management
    • Upside in reletting vacant areas, repositioning key assets and improving operational management
    • €2.8m capex program
  • Dedicated 9 person local team (and increasing) in Paris
  • View Investment Memorandum

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