Naos, a new OPCI investment vehicle launched by Paref Gestion, has completed its first transaction with the purchase of a retail asset in Marseille from the French DIY group Castorama. The acquisition price comes to EUR 26 mln, the fund manager said, including EUR 10 mln of own equity.
Naos, a new OPCI investment vehicle launched by Paref Gestion, has completed its first transaction with the purchase of a retail asset in Marseille from the French DIY group Castorama. The acquisition price comes to EUR 26 mln, the fund manager said, including EUR 10 mln of own equity.
The asset is fully leased to Castorama and offers some 6,000 m2 of retail space located within the Valentine shopping centre in the French city.
In June Paref was given the green light by the French stock market authority AMF to launch the new non-listed investment fund (in French known as OPCI). The vehicle, which is specialised in retail property, is the third launched by the fund manager, after Vivapierre and Polypierre, which specialised in hotels and office buildings respectively.
NAOS was advised by law firms Maitre Hubert de Vaulgrenant and Etude Lasseygues; Maitre Benoit Coquet advised Castorama.
