TwentyTwo Real Estate, a new London-based asset manager founded by former Perella Weinberg partner Daniel Rigny, has led a major residential portfolio transaction in France.

TwentyTwo Real Estate, a new London-based asset manager founded by former Perella Weinberg partner Daniel Rigny, has led a major residential portfolio transaction in France.

The Financière Select portfolio comprises 7,600 mainly single family units with a value of circa €1 bn located across France. The assets are let to French power company EDF under a long-term master lease agreement.

The buyer was Powerhouse France, a new investment vehicle organised and managed by TwentyTwo Real Estate on behalf of a consortium comprising Luxembourg-based Massena Partners and funds advised by US-based Farallon Capital Management.

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