Paris, 1 March 2017 – LBO France has signed a 12-year firm lease with Groupama for its entire WEST PARK office building, before completion of the undergoing restructuring of the property.
Located along the Terrasses de l’Arche in Nanterre, next to Nanterre Préfecture station on the RER A commuter line, WEST PARK is an office building of around 20,000 sqm. Arranged around a landscaped patio, the complex offers its future users a prime location on the green corridor now connecting the Terrasses to La Défense, the main business centre of Western Paris.
WEST PARK is one of the five buildings on the future 55,000 sqm campus where Groupama plans to bring together 3,200 of its employees by the end of 2017.
LBO France acquired WEST PARK (vacated by EDF in 2014) in mid-2015 and, with the help of the developer LINKCITY and the global player Bouygues Construction IDF, is currently leading a programme to fully restructure the building which is expected to be delivered at the end of 2017. This new complex reflects a firmly ecological and responsible approach and boasts dual environmental certification (NF Bâtiment Tertiaire Démarche HQE and BREEAM “Very Good”) and an “Excellent”-level BBC Effinergie label, perfectly illustrating the effectiveness of LBO France’s ESG initiatives and commitments, such as the signing of the energy efficiency charter for private and public tertiary buildings last October.
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As part of the project to market the property, led by SAVILLS France (Bertrand RENAUDEAU d’ARC) mandated on a co-exclusive basis with BNP Paribas Real Estate, LBO France (Stéphanie CASCIOLA and Julien ROUILLON) was advised by the law firm BG2V (Quentin LEROUX), as well as by the firm ROM (Hervé ROUX) on the technical and project management aspects of the restructuring process. Groupama Immobilier (Eric DONNET, Laetitia GEORGE and Bruno CARDOSO da COSTA) was advised by the law firm ALLEN & OVERY (Jean-Dominique CASALTA) and by PARELLA (Olivier NEUMAN and Stéphane DINGOYAN).
About LBO France
As a key player in private equity with €3.6bn of capital under management, LBO France is an independent company that has been supporting French companies in their growth for more than 30 years. Its strategy is based on five investment approaches in non-listed companies, managed by dedicated teams: (i) Mid Cap buyout through the White Knight funds, (ii) Small Cap buyout through the Hexagone funds, (iii) Venture-Capital through the Innovation Capital funds, (iv) Real Estate through the White Stone and Lapillus funds, (v) Debt. LBO France is 100% owned by its management and has almost 60 professionals.
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