Paris-headquarted Tikehau Capital Partners has acquired a portfolio of around 200 office real estate and business assets from French power company EDF Group in a sale-and-leaseback deal.
Completed through a fund managed by Tikehau Investment Management, the transaction concerns 400,000 m2 of assets located in Ile-de-France and others regions.
The acquisition takes the form of an asset sale and an operational lease with the EDF Group, by the Tikehau Real Estate III OPCI, managed by Tikehau IM. Catella Asset Management, which assisted Tikehau Capital throughout the acquisition phase, will act as asset manager.
Following the signing announced in July 2017, the closing of the transaction forms part of the implementation of EDF’s property disposal plan for the 2015-2020 period.
Last December, Tikehau also inked a similar deal with EDF for a 130-asset portfolio.
The transaction represents the 9th deal completed since the beginning of 2014 by the Tikehau IM real estate team which manages a portfolio of €1.9 bn of real estate assets.
