The Mission :
In the context of an Investment research initiated late 2006 by Aberdeen Property Investors, a new investor on the french market, with the aim to identify within the parisian market, a “core” retail building or combining retail and offices premises for their new corporate real estate fund.
The Solution :
Draco Partners initiated contacts with institutional owners in order to identify on behalf of Aberdeen a high quality building, already refurbished and occupied by a first class tenant, with the goal to build the base of their future investments on the french territory.
The Result :
Aberdeen’s European Balanced Property Fund acquired in March 2007 to french insurer AGF Iart a 5444 m² building mainly combining retail and offices premises, in addition to 96 parking units, mostly occupied by Groupe Caisse d’Epargne. This “haussmann” style building acquired with Draco Partners’s advisory generates an initial annual income of 2.83 Million €.
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