ASSET DESCRIPTION

• Two office buildings for 35.000 sqm structured as a forward purchase ("VEFA") from Linkcity
• The assets are located in the 18th arrondissement of Paris, right on the metro Porte de la Chapelle

CONTEXT

• Acquisition by Blackstone in 2017
• The two buildings (Kara and Tribeca) will be delivered in June 2020
• Several landmark urban regeneration projects are taking place in the area in the context of the Olympic Games in 2024

NORMANDIE'S ROLE

• Asset Underwriting
• Redevelopment analysis
• Co-investment alongside Blackstone
• Asset and Property Management under a JV agreement with Blackstone