Perial agrees EUR 17m sale-and-leaseback deal in Paris

French asset manager Perial has acquired a portfolio of 10 office properties in the Parisian region in a sale-and-leaseback with industrial clothing group Régie Linge Diffusion (RLD). The transaction volume comes to EUR 17 mln.

The assets are earmarked for the PFO2 fund which Perial manages.

The company said that the portfolio is fully let with a six-year rental term and offers a good geographical diversification, with four properties being located in the north-western suburbs of Côte d'Armor, Calvados, Manche and Sarthe, and the others in the North-East (Haut Rhin), Ile de France (Essonne), Central-Western district (Loire Atlantique), the centre (Allier) and the South-West (Aveyron).

In line with RLD's commitment on sustainability, Perial's PFO2 fund will 'study solutions' to increase the energy efficiency of the buildings and introduce water collection.

'We will also launch a feasibility study for the production of renewable energy on the sites. PFO2 intends to create a partnership with this occupier aiming at improving the energy standards of these buildings,' said Jean-Christophe Antoine, managing director of Perial Asset Management. According to President Eric Cosserat, Perial favours the acquisition of real estate portfolios from occupiers, allowing the company to establish key relationships with rental companies.

The buyer was advised by Icare Asset Management and notary firm Alexandre/Dechin/Devriendt. King Sturge and notary firm Theret acted for the vendor.

Launched in 2009, PFO2 is a SCPI vehicle focusing on investments in the Paris and the Ile-de-France regions.