M&A Activity • Jul 24, 2013
M&A Activity
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Paris La Défense, 24 July 2013
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.
Notaries: Michel Bresjanac and Jean-Marie Guibert
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 - [email protected]
Blandine Castarède – Director of Communications and Brand Strategy / +33 (0)1 71 12 15 52 – [email protected] Emmeline Lesne – Press Officer / +33 (0)1 71 12 10 36 – [email protected] Amélie Laroche-Truong – Head of Investor Relations / +33 (0)1 71 12 15 49 – [email protected]
Benoit Violet, Project Management / +33 (0)1 46 99 59 30 – [email protected] Isabelle Amat, Group Communications / +33 (0)1 46 99 59 06 – [email protected]
Predica, a Crédit Agricole Assurances subsidiary, is the second largest life insurer in France, with €210.4 billion of life insurance assets under management and €16.5 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.
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): €23.2 billion in premiums ; €224.8 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:
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.
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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