Jeantet advises La Française Real Estate Managers in connection with the acquisition of a commercial real estate complex in Montmarte
Paris, July 18, 2023 – Jeantet has assisted La Française Real Estate Managers (REM) in connection with the acquisition of a commercial real estate complex located at the foot of the Sacré Coeur in Paris.
La Française Real Estate Managers has acquired “Le Pavillon”, an 863m2 commercial real estate complex built in the 1900s for the Universal Exhibition, from a private investor in the Montmartre district of Paris. Currently leased to two tenants in the catering and events sectors, the property enjoys an exceptional location, 40 meters from the funicular station and at the foot of the Sacré-Coeur basilica.
This real estate transaction was carried out on behalf of the société Civile de Placement Immobilier Epargne Foncière.
Founded in 1975, La Française REM is a subsidiary of Caisse Régionale du Crédit Mutuel Nord Europe (CMNE), which develops and offers targeted investment solutions on behalf of third parties, serving institutional and wealth management clients in France and abroad. With over 49 billion euros in assets under management and offices in Paris, Frankfurt, Hamburg, London, Luxembourg, Madrid, Milan, Seoul and Singapore, it is organized around two core businesses: “financial assets” and “real estate assets”.