Paris, September 26th 2019
DeA Capital Real Estate France and Global Gate Capital acquire, as part of a joint venture, an office building located in the 14th district of Paris, from an institutional investor. The 7,000 sqm building, located near the tube station at Porte d'Orleans, is fully let to a AAA tenant on a long-term basis. DeA Capital Real Estate France will act as the local operating partner and will be supported by Humakey as Property Manager.
Rudy Sayegh, CEO of Global Gate Capital, said: “We are pleased to complete our latest investment in France and look forward to working with our partners at DeA Capital Real Estate France on this transaction. Going forward we will keep on growing our portfolio of European real estate assets with France becoming an increasingly important geography for us alongside Germany and the United Kingdom”.
Emanuele Dubini, CEO of DeA Capital Real Estate France, confirmed: “DeA Capital Real Estate is thrilled to join forces with Global Gate Capital in this transaction. DeA Capital Real Estate is an experienced European operating partner working with international investors to drive value creation. We have a growing international footprint with offices in France, Iberia, Italy and Poland”.
In this transaction, the investors were advised by SBKG & Associés, De Gaulle Fleurance & Associés, Lasaygues and Theop for the technical part. The financing was provided by Société Générale, advised by Allez & Associés. The seller was advised by CBRE and Oudot.