Anacap Financial Partners (Anacap) and DeA Capital Real Estate France announced that they have completed the acquisition through a forward sale contract of an office building called Irrigo, from BNP Promotion and GA Smart Building. The building, which is located in Paris-Bobigny along the canal de l’Ourcq and in front of the Pantin- Bobigny metro station, will develop c. 16,500sqm of lettable office area and is expected to be delivered during 3ʳᵈ quarter of 2021. It is part of a rapidly evolving environment, including the recent opening of the first outlet in Paris (Paddock) and the Cultural Center nearby, ongoing riverbank improvements, and other ongoing and future building developments taking place along the canal. Irrigo benefit from an high quality architectural signature (Leclercq Associés) and has been designed as a bridge between the street and the canal. The building will include many terraces and provide innovative services to future tenants.
Following on this investment, Sebastien Wigdo Investment Director at Anacap commented: « This investment represents an opportunity to develop a high quality asset next to a Paris metro station, in an area in complete transformation. We are convinced that the building will meet the future tenants’ demands and will sit perfectly in its immediate surrounding ». Emanuele Dubini, DeA Capital Real Estate France CEO reacted « We are very proud to partner Anacap in this transaction. It is an investment which supports our desire to develop value-add assets with meaningful potential and is part of our ambition to create a leading pan-European platform».
For this transaction, the buyers were advised by law firms LPA-CGR, Franklin Dentons, Lacourte, Haussmann Notaires and Theop for technical topics. Financing has been provided by Helaba bank, advised by Fairway. The Seller has been advised by Thibierge notaries.