Real Estate for a changing world

Contact us
  • Choose your subject...
  • Human resources
  • Research
  • Media inquiries
  • Investors relation
  • Occupier solutions
  • Other

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

2 + 1 =

 

*Mandatory information

 

BNP PARIBAS REIM FRANCE BUYS A 34,500 SQM RETAIL PARK IN BUCHELAY FROM ORTIS INVEST & LA COMPAGNIE DE PHALSBOURG

Category
Sharing
Tools
Mon Beau Buchelay retail park

Picture from Compagnie de Phalsbourg

On behalf of the SCPI Accimmo Pierre, BNP Paribas Real Estate Investment Management (REIM) France has just acquired the retail park "Mon Beau Buchelay" located in the town of Buchelay (78), from Ortis Invest & Compagnie de Phalsbourg.

The "Mon Beau Buchelay" retail park opened in November 2019 and resulted from the restructuring of the former retail zone, which is part of the Seine Aval national interest operation, instigated by the French government. It has a retail area of 34,500 sqm, with 57 units occupied by leading national retailers in various sectors such as home, personal goods, culture and leisure. It also features a wide variety of restaurants with 7 establishments and 1,105 parking spaces including charging stations for electric vehicles.

The environmental aspects are central to the asset's positioning, with the fitting of 1,000 sqm of solar panels and LED lighting, as well as beehives and birdhouses. The retail park is expected to achieve BREAAM International In-Use certification, targeting a Very Good level. The asset boasts spectacular open-air architecture set around 14,000 m² of green and aquatic spaces with water jets, and sound & light shows for visitors throughout the day.

Accimmo Pierre is a fund managed by BNP Paribas REIM France that holds 80 buildings and is valued at €3.4bn. It mainly invests in new and recent high-quality office buildings that meet the current environmental standards, and diversifies its portfolio by investing in retail, warehouses, industrial premises and outdoor hotels. Its portfolio is composed of assets predominantly located in Paris and the Paris region and then in the major regional cities. In 2021, the fund obtained the SRI (Socially Responsible Investment) label.

"This investment fits perfectly with the fund's strategy and confirms its determination to diversify with a new acquisition in retail parks, an asset class that has proved particularly resilient during the Covid-19 crisis. "Mon Beau Buchelay" is one of the biggest deals of this kind completed to date in 2022, and the third retail acquisition for Accimmo Pierre this year. While keeping a highly selective approach, we intend to keep up this momentum in the coming months through further acquisitions” remarks Claire Grandin, Deputy Head of Investment for BNP Paribas REIM France.

We are very glad of our partnership with BNP Paribas REIM France, which began 5 years ago. The Compagnie de Phalsbourg will continue to manage and promote "Mon Beau Buchelay", which is a "Trophy Asset" in the retail park sector and shows that our ESG vision, based on outstanding ecology, outstanding architecture and outstanding customer wellbeing, means we can contribute to the appeal of the regions and to building the France of the future” says Philippe Journo, Chairman and founder of Compagnie de Phalsbourg.

The transaction was brokered by Savills. BNP Paribas REIM France was advised by Wargny Katz, CMS Francis Lefebvre and Artelia. Compagnie de Phalsbourg was advised by Invictus Notaires.

PR REIM_Mon Beau Buchelay Retail Park acquisition_101022
PDF - 647Ko
Local press contacts