02 octo. 2017

SFL sells In/Out to Primonial REIM


Relations presse immobilier
Contact médias : Carol Galivel - 01 41 05 02 02

En savoir plus sur SFL - Société Foncière Lyonnaise
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On 29 September 2017, SFL completed the sale to Primonial REIM of the In/Out building, located at 46 Quai Alphonse le Gallo in the western Paris suburb of Boulogne‑Billancourt.

 

Acquired in 2000 by SFL as part of a sale and leaseback transaction, the 35,000 sq.m property was extensively remodelled between 2011 and 2013 after Thomson left the premises. In partnership with architecture firm DTACC and design agency Jouin-Manku, SFL transformed the industrial site into a unique office complex offering an outstanding working environment in western Paris, complete with a dedicated services pavilion featuring a conference centre and a foodservice area.

 

The building is currently let in full to the Organisation for Economic Co-operation and Development (OECD) under a lease expiring in 2027.

 

The net sale price of €445 million represents a yield of 3.7% (including transfer costs).

 

“This transaction marks the culmination of the work we have undertaken since 2011 to create value, and it confirms our ability to develop unique, standard-setting products.”

 

SFL was advised in the transaction by JLL and notary office Oudot, and Primonial REIM was advised by notary office Wargny Katz & Associés and law firm LPA-CGR.