Ivanhoé Cambridge acquires, through a forward funding transaction, HUB 247, a 9,000 m2 office building under construction in the Nanterre Cœur Université eco-district developed by Bouygues Immobilier. Completion of the project is expected in early 2020.
This high-quality office project is located adjacent to the new Nanterre Université station served by regional rail lines A and L, in an extension of La Défense and the Terrasses de l’Arche. It fits in perfectly within this new lifestyle hub and eco-district blending culture, leisure and services.
It will benefit from large, luminous floor areas, greenery-filled terraces and a very dynamic neighbourhood. Designed by the François Leclercq architecture firm, the building will provide efficiency, comfort, health, well-being, energy performance and respect for the environment.
“We are delighted with this new transaction, which perfectly illustrates our ability to invest in high value-creation projects,” said Karim Habra, Head of Europe at Ivanhoé Cambridge. “This transaction is aligned with our overall strategy in France and in Europe, which consists of developing a diversified portfolio of core and high-quality assets. The project’s premier geographic location in the heart of a mixed-use neighbourhood, its architectural design and its environmental attributes ideally fit our investment criteria.”
Sabine Bourrut-Lacouture Lépine, Directrice générale Immobilier d'Entreprise Île-de-France, Bouygues Immobilier, stated: “The building, part of a new renewable-energy neighbourhood, is labelled Green Office®, developed by Bouygues Immobilier and will produce more energy than it consumes. Great importance is given to sustainable development, and is targeting the certifications NF HQE Bâtiments Tertiaires ‘Passeport Exceptionnel,’ BREEAM Europe ‘Excellent’ level and BEPOS-Effinergie.”
Ivanhoé Cambridge was assisted in this transaction by the firms Wargny Katz, DLA Piper, Lacourte Raquin Tatar and ORFEO Développement. Bouygues Immobilier, the vendor, was advised by notaries Thibierge et Associés. Cushman & Wakefield and Colliers will handle marketing.
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.
Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at June 30, 2018 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
About Bouygues Immobilier
Bouygues Immobilier is a leading private property developer in France and Europe, with 1,908 employees at December 31, 2017, and sales of €2.712 billion in 2017. With 39 branches in France and four elsewhere, Bouygues Immobilier has nearly 60 years of experience in developing residential, corporate and commercial projects in more than 250 towns and cities. Bouygues Immobilier has a strong commitment to innovation and sustainable development and seeks to provide a better quality of life over the long term for all its customers by making their experience in the buying process and the use they make of the living spaces and services created for them as pleasant as possible. Demanding in terms of quality and concerned with its employee’s well-being at work, Bouygues Immobilier is the first developer to be certified ISO 9001 in France, NF Habitat HQE and Top Employer France 2017. Follow us on social networks!
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