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| French developers makes first common investment IXIS Capital Partners and Nexity-Investissement have just arranged their first sale-and-leaseback transaction in common by acquiring a building owned by La Poste. This building, which has a gross area of 17,000 square metres, is located Avenue d'Italie in the 13th administrative district of Paris. Through its subsidiary Loca-Poste, La Poste will continue to lease one third of the property. The rest will be totally renovated and rented out. This acquisition is being carried out by a special purpose vehicle owned jointly by Captiva Capital Partners II SCA (60%) ‑ a fund managed by IXIS Capital Partners ‑ and by Nexity-Investissement (40%). IXIS Capital Partners is a specialist in sale-and-leaseback. Nexity-Investissement's main business is to develop new projects by taking minority stakes in the property with investors. Sale-and-leaseback transactions relate to public and private corporates wanting to rationalize their operational assets by selling the properties fully owned and then leasing back part of these. write your comments about the article :: © 2006 Construction News :: home page |