Following the preliminary sale agreement signed in May 2013 with Crédit Agricole Assurances, Nexity and Interconstruction announced today that they have signed a 'VEFA' off-plan sale contract for Eco Campus, a 72,000 sq.m complex of offices and services in Châtillon (Paris region).
Crédit Agricole Assurances, by way of its personal insurance subsidiary Predica, advised by Crédit Agricole Immobilier and assisted with the GFA completion bond by Crédit Agricole CIB, is the sole investor in this complex of offices, delivery of which is provisionally scheduled for the second half of 2015.
Fully leased by Orange, Eco Campus comprises five divisible office buildings and a user services building (restaurants, cafeteria, conference room, showroom, etc.).
Designed by architectural firm Bridot & Willerval, the business campus is located near the city centre and public transport on a 3 hectare property, including one hectare of landscaped park. The complex boasts the latest in construction standards and will seek double environmental certification to HQE NF-Bâtiments Tertiaires 2012 and BREEAM Very Good.
This sale is recorded on Nexity's order book for the 3rd quarter of 2013.
Advisors for this transaction:
For the seller
Notaries: Michel Bresjanac and Jean-Marie Guibert
For the buyer
Notaries: Etude Oudot & Associés
Law firm: White & Case; Franck Peter, lawyer
Technical auditor: CVO
Crédit Agricole Assurances
Françoise Bololanik + 33 (0)1 57 72 46 83 / 06 25 13 73 98
Camille Langevin + 33 (0)1 57 72 73 36 - firstname.lastname@example.org
Blandine Castarède - Director of Communications and Brand Strategy / +33 (0)1 71 12 15 52 - email@example.com
Emmeline Lesne - Press Officer / +33 (0)1 71 12 10 36 - firstname.lastname@example.org
Amélie Laroche-Truong - Head of Investor Relations / +33 (0)1 71 12 15 49 - email@example.com
Benoit Violet, Project Management / +33 (0)1 46 99 59 30 - firstname.lastname@example.org
Isabelle Amat, Group Communications / +33 (0)1 46 99 59 06 - email@example.com
Predica, a Crédit Agricole Assurances subsidiary, is the second largest life insurer in France, with EUR210.4 billion of life insurance assets under management and EUR16.5 billion in premium income at end-2012. Predica designs and manages life insurance, retirement, personal risk, wealth management and employee savings solutions, distributed by the Regional Banks and LCL, for individuals, professionals, farmers and businesses.
About Crédit Agricole Assurances
Number one for bancassurance in Europe and number two for life insurance in France based on the amount of premiums collected, Crédit Agricole Assurances handles all the Group's French and foreign insurance activities. It comprises Predica, a personal insurer, Pacifica, specialised in non-life insurance, Caci for creditor insurance, the various international subsidiaries and Caagis for IT management and services, as well as Spirica and LifeSide Patrimoine, focused on life insurance for wealth management.
Key figures for the Crédit Agricole Assurances Group (31/12/2012): EUR23.2 billion in premiums ; EUR224.8 billion in underwriting reserves. Over 3,500 employees
Founded 50 years ago, Interconstruction is one of the oldest privately held, independent real estate development companies in France and delivers solutions for a wide range of clients:
- Interconstruction REM serves professionals, owners and large users, investors and financial developers;
- Interconstruction is a major player in the Paris region for apartment blocks and houses, serviced residences, first-time home ownership, social housing rentals, etc.;
- Interconstruction Ouest develops projects involving a full range of real estate products on France's Atlantic coast.
Owing to its long-established presence in urban development, Interconstruction has been able to build relations of trust and partnerships with municipalities thanks to its solid record of meeting its commitments and backed by its capacity to steer complex projects and work effectively with varied stakeholders. Today's major urban challenges are central to Interconstruction's business strategies: social diversity, land reparcelling, resolving discontinuities in urban landscapes, densification of inner urban areas, protecting the environment.
At Nexity, we aim to serve all our clients as their real estate needs evolve
Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns. Our businesses - transactions, management, development, urban regeneration, advisory and related services - are now all fully client focused, optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole.
Nexity is listed on the SRD and on Euronext's Compartment A
Member of the indices SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable
Mnemo: NXI - Reuters: NXI.PA - Bloomberg: NXI FP
ISIN code: FR0010112524
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Nexity and Interconstruction finalise sale of Eco Campus