Primonial REIM announces the Off-Plan acquisition of the “Cinetika” office building

Primonial REIM announces the Off-Plan acquisition of an office building in Saint Ouen (93) for one of its trust funds. The completion date is set for the 4th quarter of 2022.

A BUILDING WITH UNIQUE ARCHITECTURE WHICH WILL OFFER INTERNATIONAL STANDARDS AND A COMPLETE RANGE OF SERVICES TO ITS FUTURE OCCUPANTS

The building will have a total surface area of 8,000 m2 over 8 floors, with quality services: large well-lit floor-spaces, 1,200 m2 of terraces and gardens, an accessible rooftop, connected lounges, and an open ground floor with a “Coffee & Work” space.

The CINETIKA building is being built by BRICQUEVILLE and designed by DGM & Partners architects; it proposes an innovative architectural feature with its 60 metre linear facade with openwork designs presenting 3 different images depending on the onlooker’s angle of view.

Very high standards of environmental certification have been applied for: Excellent “HQE approach new commercial buildings NF” and Very Good “BREEAM International New Construction 2016”.

A STRATEGIC LOCATION IN THE HEART OF PARIS

The building will have excellent visibility thanks to its façade overlooking the “Peripherique” ring-road and its excellent location at the gateway to Paris in one of the most sought after areas of the Saint-Ouen first Northern ring commercial zone which attracts major tenants looking for locations near to major decision-making centres.

CINETIKA has two addresses, excellent public transport access (Metro 4, tramway T3b) and good road access.

Grégory FRAPET, Chairman of the Directorate at Primonial REIM states: “CINETIKA fits perfectly with Primonial REIM’s strategy of investing in office buildings with good central locations and high standards in terms of quality, building efficiency and integrated services for the comfort and well-being of its future occupiers. “

For this acquisition, Primonial REIM was advised by the Wargny-Katz Notary firm (Me Justine N’Diaye) for notary services and Etyo for the technical aspects. Bricqueville was advised by the 14 Pyramides notary firm (Me Xavier Lièvre) and supported by BNP CAPI. This transaction was completed by BNP Paribas Real Estate.

About Primonial REIM

Primonial Real Estate Investment Management (Primonial REIM) is a portfolio management company certified by the AMF in 2011; it creates and manages a range of investment schemes based on its strong property market convictions. Its main objective is to propose a range of SCPI that invest in office, retail, health/education and residential property to the broadest possible client-base. As a portfolio management company Primonial REIM sets up and manages OPCI (specifically aimed at either institutional or general public investors). On 10 June 2014 Primonial REIM received AIFM (Alternative Investment Fund Manager) certification from the Autorités des Marchés Financiers (Financial Markets Regulator), and is therefore subjected to strengthened obligations in terms of information, liquidity monitoring and risk management. The Board of Directors includes Grégory FRAPET as Chairman, Stéphanie LACROIX, Managing Director and Tristan MAHAUT, General Secretary.