The FINANCIERE TEYCHENE Group – Investing for you
The Financiere Teychené Group proceeded to an acquisition from Vastned Retail Belgium of a retail portfolio in Belgium outskirt, located in Vilvoorde , Tongeren , Hoboken , Bree , Flémalle , Genk, Mons, Sint-Pieters-Leeuw, Waterloo and Antwerp.
Those assets wich contains shopping centers, retail parks and separate locals, have a total area of more than 32,000 sqm.
The acquisition of this diversified portfolio (geographically and rental) allows the Financiere Teychené Group to increase his Belgian real estate for more than €160M and confirmed his desire to be a major player in this market.
Cushman & Wakefield has advised in this transaction.
Retailers : Aldi, Decor Heytens , C & A, Shoe Discount , Kruidvat, Zeeman, Damart , Z , etc.Acquisition Price deed in hand : Around €35M
The Financiere Teychené Group acquired a retail park in future completion (EFA ) of 17,000 sqm. This project of 29 commercial cells is located in Sens (Yonne - 89) , in the wake of the new cultural and commercial area "Les Portes de Bourgogne" in the south of the city.
The retail park will face a Auchan hypermarket and gallery , opened in late 2012 and will be completed by a 7 multiplex cinemas , an Accor hotel and a McDonald's restaurant. The project, which is scheduled to open for September 2015, will feature quality brands like Intersport on more than 1,600 sqm and Maisons du Monde on 1,200 sqm.
Tenants: Intersport , Maisons du Monde , Gifi , Easy Cash , Aubert, Tati, Gemo , La Halle, the Office Mim , Orchestra, Kisly , La Grande Recre , Roland Réauté , etc ...
Acquisition Price deed in hands : €24.2M
The Financiere Teychené acquired the Plain Park located in « Saint Bonnet de Mure », wich is the third operation of this amplitude this year.
The program developed by Guignard Promotion ( promoter and large regional public works contractor) is a HQE retail park of approximately 14,000 sqm.
Ideally located along the RN 6 at the east of Lyon, the retail park is served by direct access from the roundabout on the road to Grenoble (RN 6).
The Financiere Teychené, advised by Donka Ruggiu, who also managed the rental commercialisation , has acquired on this park sixteen commercial areas out of twenty-four.
On a total of 11.500 sqm, 9,730 sqm of retail space are rented including Intersport stores, Tati, the Foir'Fouille, C&A and Chauss’Expo. Two premises were bought by users and others being kept in the portfolio by the Guignard Group.
At the opening on last August 27th,this retail park was entirely rented and realized excellent performance.
Easy Cash was even ranked first store of the brand in France while the parking (540 spaces) is often full.
Tenants: Intersport, Tati, La Foir’Fouille, C&A, Chauss’Expo, Chocolats de Neuville, Khaan, Easy Cash, La Pataterie, Vert Baudet, Celio, Bleu Libellule, Carré Blanc, Passage Bleu, Boulangerie Marie Blachère and Comptoir de Famille.Acquisition price deed in hand : €18.7M
The Financiere Teychene Group successfully managed to acquire the Carrefour Belgium Headquarters from Redevco.
This building is located in Brussels area, more precisely, within Evere’s district. Geographically next to the Zaventem airport, Evere has a large population density that highly contributes to the attractiveness of our commercial complex located below Carrefour offices.
With a surface of roughly 60,000 sqm, the «Olympiades» center holds 20,000 sqm of office spaces rented to Carrefour, 15,000 sqm of commercial areas (with a 12,000 sqm’s Carrefour hypermarket), and 1,000 parking spaces.
No vacancies have to be noticed for the commercial areas and the commercial lease for the offices has been renewed for a close period of 8 years.
This major acquisition, allows Financiere Teychene Group to own a Belgian portfolio with a value of €110M, and definitely underlines our willingness to become a top player in the Belgian real estate market.
Acquisition Price (deed in hand) : approximately €50M
The Financiere Teychené acquired from the Group MARTIN'S HOTELS, two hotels located on the « Sucrerie site » at Waterloo. The Martin's Grand Hotel and The Martin's Lodge.
Martin's Grand Hotel (4 stars) is for « business » customers. He has about 80 rooms, meeting rooms, a restaurant, a bar, a fitness club and a parking, all on a surface of 5,000 sqm.
Martin's Lodge (3 stars) is located at the entrance of Martin's Grand Hotel. This 30 rooms Hotel is more addressed to families. This site represents a surface of approximately 1,000 sqm.Acquisition price deed in hand : €11.5M
LE HAVRE (FR)
This project was realized jointly with Redeim, Real estate Promoter focusing its activity on retail and Adim (Vinci’s regional subsidiary) is a retail park extremely well located on the major round about accessing the shopping center « L’océane ». Leclerc represents the leading entity of this site, which is on Le Havre’s periphery.
The group, in partnership with Redeim partnered with a split of 50/50 to acquire the two parts of the program built by Vinci Construction, certified HQE (High Environmental Quality), including 15 commercial stores and developing a total floor area of slightly less than 13,000 sqm with 10,750 sqm of retail space.
The Intersport (2,800 sqm of retail space) is leased by Jacky RIHOUET, president of the group and one of its largest franchisees, who operate the largest store of the brand in France to date.
This is an Off-plan purchase (sale in future completion) of each of 2 parts of the program.
Stores concerned: Gifi, Gemo, Chauss'Expo, Zeeman, Bébé 9, Orchestra, Intersport, Shop Coiffure, King Jouet, Blue Box, Festi, Yseal coiffure, Model’s...Acquisition Price (deed in hand): €18.9M in two parts, on the 27th September 2013 (€13.2M), and on the 6th May 2014 (€5.7M).
Acquisition from JMP Expansion at Saint-Maximin (FRANCE), the owner of the « Saint Max Avenue » shopping center, of a concept store of 17,000 sqm divided in average surfaces.
This project will implement well-recognized brand, such as H&M (2,100 sqm), Nike, Armand Thiery, Sergent Major, Celio, etc. Furthermore, offices for local companies will also be created to retain local activities within the shopping centre.
The groupsuccessfully managed to understand this acquisition’s attractiveness due to its prime localization, its wonderful architecture and the fairness of its price offer.
Acquisition price (Deed in hand): €42.7M
On the 23rd of January 2014, The FinanciereTeychene Group participated to the 10th edition of INVESTORS FORUM in Brussels. This Belgium real estate investment yearly event was an opportunity for the Belgian market actors to draw last year conclusions and to provide 2014 major trends.
During this event,Gérard TEYCHENE and BérengerDROUIN, introduced the FinanciereTeychene Group and its investment strategy.
The Financiere Teychené Group made an acquisition of three real estates assets located in the Parisian area (Sainte Genevieve des bois (91) - Orgeval (78) - Maurepas (78)) from a foreign institutional seller represented by Cushman and Wakefield investors, MARENGO Portfolio’s appointed asset manager.
This Portfolio is rented to 14 national brands as La Foir’Fouille (formerly Darty), Boulanger, La Halle, La Halle aux Chaussures, Maison du Monde, Eurodif, Générale d’Optique, Festi… which, in all, represent approximately 17,500 sqm (Net Gross Floor Area) in which 13,600 sqm are dedicated to retail spaces.
The assets are all located in a prime commercial area: ZAC de la croix blanche (Sainte Genevieve des Bois), ZAC Maison Blanche (Orgeval) and ZAC Pariwest (Maurepas)
The Financière Teychené Group made an acquisition, by purchasing 100% of KEYSER CENTER SA Company’s shares (owned by an investment fund managed by AXA REIM, Property Trust Luxemburg SARL), of the Keyser Center Shopping Complex.
The building, of roughly 4,813 sqm, is located in the center of Antwerp, between the central station and the Meir (one of the most famous retail area of Belgium). This place is a co-ownership between three different entities; the other two are UGC cinema (Fonciere Image Belgique) and Interparking (parking of the center).
Retailers : Match, Health City, Wagamama, Chiquita Fruit Bar, Kaiseki and Simit Sarayi.Shares Acquisition price: €9M
Acquisition of a Bouygues Immobiler finalized project embodied by a 4* hotelbuilding, located in Saint Denis (93), Place de la Porte de Paris. This project, of roughly 7,421 sqm, will offer 156 rooms and 2 luxurious suite, a restaurant, meeting places and various others rooms. The hotel will also provide 32 underground parking spots.
This project was designed by the architecture firm AGA (Antoine Grumbach and Associates). Moreover, it will benefit from a BBC certification and a High Environmental Quality validation.
The international company NOVOTEL (ACCOR GROUP) will manage this building starting from its opening in 2015.
VEFA acquisition (sale before completion transaction).Acquisition price (deed in hand): €21.2M
The Financière Teychené group purchased, through a 50% owned subsidiary, the «Kloosterbempden» retail park, located in Maaseik, next to Netherlands’ border.
Opened and developed by ING Real Estate in 2006, this «Retail Park» won the «Best Retail park Shopping Award» in 2008.
The Kloosterbempden Retail Park has 11 stores, for a 10,000 sqm commercial area, and is rented to national and international brands such as Colruyt, Blokker, Casa, Leenbakker, Bart Smit, JBC, Shoe Discount or Action.
Retailers : Colruyt, Blokker, Casa, Leenbakker, Bart Smit, JBC, Shoe Discount and Action.Acquisition price (Deed in hand): €12.3M
The Financière Teychené Group managed to make the acquisition, from Redevco, of office spaces, currently serving as C&A headquarters in Vilvoorde.
The building, located in Brussels’ suburbs, is part of a famous office area (Cargovil) in Brussels’ northern region, next to Zaventeem Airport and Brussels’ ring road.
Senneberg’s building holds over 24,000 sqm of offices,as well as 7,000 sqm of mixed use areas (company restaurant, meeting rooms, and more...). 591 parking spaces, situated outside, are also available.Acquisition Price (deed in hand): Approximately €40M
Redevco sold to our company the TIGER portfolio, embodied by four different real estate products. Three of them are located outside and one inside Parisian region.
These estates are located in attractive places: ZAC des Couleures in Valence (26), Actipôle La Neuvillette in Reims (51), Pôle Auchan Leers in Roubaix city (59) and ZAC Pariwest in Maurepas (78).
These assets are rented to twelve strong local different companies that are mainly subsidiaries. The total surface acquired represents a gross surface of approximately 13,800 sqm, with more than 11,700 sqm of actual selling surface.