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MIMCO acquires an office property to be restructured in Courbevoie, France

MIMCO announces the acquisition of an office property located in Courbevoie, in the Paris region. The objective is to develop a project to establish a school or a CINASPIC*.

Located at the immediate vicinity of Asnières train station and Pont de Levallois metro station, this location in the Hauts-de-Seine region is highly sought after by end-users and MIMCO AM plans to establish a school or a CINAPSIC that could potentially accommodate an establishment receiving the public (ERP 3rd or 2nd category).

"In addition to concentrating, along with the municipalities of Boulogne-Billancourt, Neuilly-sur-Seine, and Levallois-Perret, one third of the department's establishments, this address is positioned in a major economic zone of Courbevoie and can thus attract a multitude of tenants and types of activities. Its good transport connections allows to commute main Paris transport hubs in less than 15 minutes and its strategic location between the European business center of La Défense and the Central Business District is home to fifteen of the world's top thirty companies, including Total, Ernst&Young, Engie, Crédit Agricole and EDF", says Christophe Nadal, co-founder and CEO of MIMCO AM.

This acquisition reinforces the pan-European presence of the MIMCO Group.

"This transaction is a concrete example of MIMCO AM's Value-Added strategy and represents an ideal opportunity to implement our real estate convictions. The property has good fundamentals in terms of transport connections and location enabling to welcome and develop a project for a school or a CINASPIC. This project will be valued and developed in accordance with school end-user requirements.", explains Ara Adjennian, Managing Director and Partner of MIMCO AM.

 

* Constructions and Installations Necessary to Public Services or of Collective Interest

Luxembourg
MIMCO Capital S.à r.l. headquarters
Address: 26 Boulevard Royal
L-2449 Luxembourg
Tel: +352 2 799 3281
Email: office@mimcocapital.com
Germany
MIMCO Asset Management GmbH subsidiary
Address: Grolmanstrasse 36,
10623 Berlin
Tel: +49 30 810 5661-0
Email: office@mimcocapital.com
France
MIMCO Asset Management S.A.S. subsidiary
Address: 87 Boulevard Haussmann
75008 Paris
Tel: +33 1 44 70 04 36
Email: office@mimco-am.com
Access to MIMCO Asset Management website