Portefeuille Elis - Pantin

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ASSET DESCRIPTION

• Twenty-two light industrial assets totaling 178,000 sqm
• The assets are located in across France with 2/3 of the value in the Paris region, Lille and
  Nice
• Long term lease in place with Elis which is an international multi-service provider, offering
  textile, hygiene and facility service solutions.

CONTEXT

• Acquisition by Blackstone from Tikehaue and Fonciere Atland
• Post acquisition, the asset management has been transitioned Normandie

NORMANDIE'S ROLE

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

Sakura - Val de Fontenay

ASSET DESCRIPTION

• 30.000 sqm office building developed as a build to suit for Societe Generale
• The assets is located in Fontenay-sous-Bois, an attractive office hub in the eastern suburb
   of Paris

CONTEXT

• Acquisition by Northwood Investors and Normandie of the land in 2017
• Signature of a forward lease with Societe Generale
• Forward sale ("VEFA") to Primonial in 2018
• Normandie capitalized on Fulton's expertise to successfully develop this trophy asset

NORMANDIE'S ROLE

• Asset Underwriting
• Development Management and monitoring
• Co-investment alongside Northwood

Ilot Panhard - 75013

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ASSET DESCRIPTION

• 22,000 sqm office building acquired from Primonial in 2018
• The assets is located in the 13th arrondissement of Paris, right on the metro Porte d'Ivry
• It is let to AREP and Gare & Connexions, subsidiaries of SNCF (French railway) until 2026

CONTEXT

• Acquisition by Blackstone in 2018
• The asset is an architectural landmark with its industrial feel and large open floor plans
• Location benefits from the momentum created by Station F (French Incubator) and Tour Duo
   (Natixis HQ)
• This was the First deal in France for BPPE, Blackstone's Core Plus fund.

NORMANDIE'S ROLE

• Asset Underwriting
• Asset and Property Management on behalf of Blackstone

Chapelle Internationale - 75018

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

Portefeuille GE France

TRANSACTION SIZE

• 40 office buildings totaling 250,000 m2
• Mostly located in Paris and suburban Paris

CONTEXT

• Acquisition by Blackstone of GE's real estate business Worlwide
• French office portfolio is the largest expose in Europe

NORMANDIE'S ROLE

• Advised on the acquisition
• Co-invested with Blackstone
• Asset and property manager
• Refurbishment management

4-8 RUE CONDORCET - 75009

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ASSET DESCRIPTION

• 25,000 m2 office building in the 9th arrondissement in Paris

CONTEXT

• Acquisition by Blackstone from DEGI in December 2011
• Sold to Société Foncière Lyonnaise in december 2014

NORMANDIE'S ROLE

• Asset underwriting
• Co-investment alongside Blackstone
• Asset and property management

DEFENSE PLAZA - LA DÉFENSE

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ASSET DESCRIPTION

• 35,000 m2 located in the La Defense business district in Paris

CONTEXT

• Acquisition by Northwood Investors from Beacon Capital Partner in May 2011

NORMANDIE'S ROLE

• Advised Northwood Investors
• Post acquisition market monitoring

9-13 RUE DU DR LANCEREAUX - 75008

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ASSET DESCRIPTION

• 8,000 m2 located in Paris CBD, between Parc Monceau and Boulevard Haussman

CONTEXT

• Acquisition by Fulton from CIPAV in May 2011
• Asset sold in 2013

NORMANDIE'S ROLE

• Sourcing, structuring and asset management
• Syndicated a significant portion of the equity to High Net Worth Investors

FRANCE LOISIRS HEADQUARTER - 123 BOULEVARD DE GRENELLE - 75015

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ASSET DESCRIPTION

• 11,000 m2 office building located in the 15th arrondissement right on Metro Motte Picquet
  Grenelle

CONTEXT

• Sale-and-leaseback of France Loisirs headquarter after the acquisition of the company by
  Najafi Companies

NORMANDIE'S ROLE

• Advised France Loisirs and Najafi Companies

Canopy - 9 Quai Paul Doumer - La Défense

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TRANSACTION SIZE

• 44,000 m2 office building located in la Defense

CONTEXT

• Acquisition by Blackstone from Credit Agricole S.A under a sale and lease-back

NORMANDIE'S ROLE

• Advised on the acquisition
• Co-invested with Blackstone
• Asset and property manager

Miami Design District

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TRANSACTION SIZE

• $20 million

CONTEXT

• Fulton JV with LVMH and DACRA
• The JV will develop 2,500m2 of high end retail in the Miami Design District
• LVMH already controls 80,000 sqm of retail in the area and is in the process of moving
  most of its brands out of Bal Harbour to the Design District

Colisee III and IV - Saint Ouen

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ASSET DESCRIPTION

• Two office buildings totaling 24,000 sqm located in Saint Ouen
• Colisee III was let to ISS and SAGE
• Colisee IV was vacant

CONTEXT

• Acquisition by Blackstone from Grosvenor and Barclays
• Sold to Amundi in May 2015

NORMANDIE'S ROLE

• Asset Underwriting
• Co-investment alongside Blackstone
• Asset and Property Management

Swen Portfolio

ASSET DESCRIPTION

• Ten light industrial parcs totaling 250,000 sqm
• The assets are located in Paris, Lyon and Marseille

CONTEXT

• Acquisition by Northwood Investors, the assets were sold by Axa and managed by Valad
• Post acquisition, the asset management has been transitioned to a JV created by
  Northwood and Normandie and the portfolio has been rebranded SWEN ('South West East
  and North')
• Full exit in different sub portfolios between 2016 and 2018

NORMANDIE'S ROLE

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

3-5 rue Robert Estienne - 75008

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TRANSACTION SIZE

• 4,000 m2

CONTEXT

• Acquisition by Fulton from Caisse de Retraite des Mineurs

NORMANDIE'S ROLE

• Sourcing, structuring and asset management post acquisition
• Syndicated 60% of equity to HNW investors

66 boulevard Raspail - 75006

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TRANSACTION SIZE

• 2,000 m2

CONTEXT

• Acquisition by Fulton from a French family office

NORMANDIE'S ROLE

• Sourcing, structuring and asset management post acquisition
• Syndicated 70% of equity to HNW investors

Vivacity : 18, Rue Villiot, 75012 Paris

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TRANSACTION SIZE

• 23,000 m2 office building in the 12th arrondissement (Gare de Lyon) in Paris

CONTEXT

• Acquisition by Blackstone from Pontegadea (real estate holding of Zara founder)
• Full refurbishment of the asset wich will be delivered in T1 2017
• Sold to Amundi in Q1 2017

NORMANDIE'S ROLE

• Advised on the acquisition
• Co-invested with Blackstone
• Asset and property manager
• Refurbishment management

Normandie Capital
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