La Française RE doubles growth in 2015
La Française has generated more than €2bn in real estate inflows with investors in France and abroad, and to initiate €1.8bn in transactions, some 20% of which outside of France, for its real estate funds and mandates.
La Française also said it acquired top-tier clients, created several dedicated structures, and mandates granted in France, contributing to record inflows of €1.3bn.
Closed-end funds generated inflows of some €140m, the asset manager said in its end of the year report.
Main real estate acquisitions for 2015 included the “Bassins à Flot” district in Bordeaux (33), the Liner in Montpellier (34), a building in the Elipsys programme in Toulouse (31), No. 67-69 avenue Victor Hugo in Paris (75) and 6 Place Alleray in Paris (75) building for the Elipsys programme in Toulouse (31), the 67-69 avenue Victor HJu.
Acquisitions accelerated in Europe, particularly in Germany, in 2015, thanks to the experienced local team of La Française Forum Real Estate Partners, with five acquisitions in the main cities of Germany: Frankfurt, Munich, Düsseldorf, Hamburg and Berlin.
Of these transactions, 53% concern offices and 16% retail space.
“Today, in line with our objectives, La Française is able to provide all its clients with a comprehensive offering. La Française’s expertise in core/core+ offices and business activities is now recognised in France and internationally.
“Supplemented by the dynamism provided by our affiliates in the different regions of the world, our expertise is a real asset which we have conveyed to more than 100 prospects met over the course of 2015 in 20 different countries in Europe, the Middle East and Asia Pacific,” enthuses Xavier Lépine, Chairman of the Board of La Française.