{"id":65375,"date":"2017-09-07T00:03:29","date_gmt":"2017-09-06T22:03:29","guid":{"rendered":"http:\/\/beta.next-finance.net\/gestion-de-patrimoine\/immobilier\/paref-siic-announces-the-sales-of-pantin-property-for-e24-6-million\/"},"modified":"2017-09-07T00:03:29","modified_gmt":"2017-09-06T22:03:29","slug":"paref-siic-announces-the-sales-of-pantin-property-for-e24-6-million","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/gestion-de-patrimoine\/immobilier\/paref-siic-announces-the-sales-of-pantin-property-for-e24-6-million\/","title":{"rendered":"PAREF SIIC  announces the sales of Pantin property for \u20ac24.6 million"},"content":{"rendered":"<p>PAREF SIIC (French REIT), a real estate company specialised in investment and asset management on its own<br \/>\naccount and on behalf of third parties, announces that the sales of the Pantin-Courtois property has been<br \/>\nsuccessfully finalised.<\/p>\n<p>The office building of approx. 8,000 m2<br \/>\nis fully leased to the Direction G\u00e9n\u00e9rale des Imp\u00f4ts (French Tax<br \/>\nAdministration). The transaction values the entire building at \u20ac24.6 million, reflecting a capital gain of \u20ac3.7<br \/>\nmillion vs. the initial acquisition cost in December 2007.<br \/>\n<quote>Through an alternative financing structure, PAREF will<br \/>\nrealise an accounting capital gain in excess of \u20ac10 million as well as a cash multiple of 3.4x with a levered IRR of<br \/>\n14.4%.<\/quote><\/p>\n<p>With the previous sales of the Vaulx-Le-P\u00e9nil property, closed in May 2017, the current Year to Date total sales<br \/>\nproceeds amounts to \u20ac28.1 million.<\/p>\n<p>This transaction is in line with the value creation strategy of PAREF through its active in-house asset<br \/>\nmanagement as applied in recent years. PAREF is successfully implementing a selective disposal strategy for its<br \/>\nmature assets, with the objective to further position its portfolio towards sizeable office properties in wellestablished<br \/>\nlocations within the Greater Paris region or within France\u2019s major regional cities.<\/p>\n<p>Paref was advised on this transaction by Knight Frank and JLL and accompanied by the notary Wargny Katz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PAREF SIIC (French REIT), a real estate company specialised in investment and asset management on its own<br \/>\naccount and on behalf of third parties, announces that the sales of the Pantin-Courtois property has been<br \/>\nsuccessfully finalised.<\/p>\n","protected":false},"author":20,"featured_media":65373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1591],"tags":[1656,1436,1437,1441,2240],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/65375"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=65375"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/65375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/65373"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=65375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=65375"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=65375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}