Portfolio Summary
French Portfolio - Vectrane - sold
- Initiated with pursuit of single larger office building
- Acquisition in mid 2005 of a portfolio of eight buildings / assets in France
- Office portfolio – three in and around Paris, one in Lille
- Leisure portfolio – two large Center Parcs, and two smaller hotels in Courchevel
- Asset improvements include substantial refurbishment and rental of large office tower, plus targeted tenant led expansions in other office and active capex program with Pierre et Vacances on leisure properties
- Targeted plan to build company and list in public markets
- IPO in 2006
