Fund manager Primonial REIM has acquired a portfolio of restaurants operated under the Quick and Courtepaille brands from listed hospitality group Foncière des Murs.
Fund manager Primonial REIM has acquired a portfolio of restaurants operated under the Quick and Courtepaille brands from listed hospitality group Foncière des Murs.
The investment volume amounted to €22 mln.
The Quick restaurants are located in Annemasse (74), Villeneuve Loubet (06), Mougins (06), Plaisir (78) and Salon-de-Provence (13), while the Courtepaille assets are situated in Lille (59), Montpellier (34), Bordeaux Artigues (33) and Goussainville (95).
The portfolio provides around 3,700 m2 of space on sites totalling 28,000 m2. It was bought for one of the SCPI investment vehicles managed by Primonial REIM.
Etude Cheuvreux brokered the deal. Law firm CGR Legal acted for Primonial REIM on this transaction.
