French property company Affine has announced the sale of its business centre unit, Business Facility International (BFI) to Regus. A Regus spokesperson said on Monday that the companies have agreed not to disclose the transaction price.
French property company Affine has announced the sale of its business centre unit, Business Facility International (BFI) to Regus. A Regus spokesperson said on Monday that the companies have agreed not to disclose the transaction price.
The operation will see the international provider of workspace solutions take control of 11 BFI centres located in major French business hubs. The spokesman said the assets are complementary to Regus' existing network in the country.
'Across its French network Regus is currently experiencing strong demand. The addition will help the business meet these growing needs and expectations of its current and future customers,' the company said. Following the purchase, Regus will have 50 centres across France.
The disposal of BFI is part of Affine's strategy, initiated in 2008, to refocus on its property activities. 'After four years spent extending the BFI network in France under the management of François de Sonis, BFI's CEO, the unparalleled industry expertise and global reach brought by Regus will contribute to a further strengthening of the BFI position in the French market,' said Alain Chaussard, co-CEO of Affine.
Paulo Dias, Regus CEO for EMEA, added: 'This acquisition underlines Regus' strategy of fulfilling the unrelenting demand of our customers for flexible work solutions worldwide. Together, we look forward to taking advantage of the new opportunities this deal will create to enhance our service and product offer with enthusiasm and vigour.'
Sodica of the Crédit Agricole Group acted as advisor to the seller.
