Signature in VEFA Building A of the COR NATURA Program » PACA Economic and Political Newsletter

The COR NATURA site developed by COURTIN REAL ESTATE in Sophia Antipolis consists of 3 buildings, with a total area of ​​10,732 square metres.2.

Curtin Real Estatea conglomerate of an independent, unlisted real estate company and real estate development structure, announces its signing of VEFA (Sale in Case of Future Completion) on April 28, 2022, relating to Building A of the investor’s Core Natura real estate asset. FONCIERE MAGELLAN, on behalf of one of its investment funds.

This sale relates to Building A for a total of 4,625 m2.

This building was named Priam ExcelNT will be delivered to Second Quarter 2024.

This asset has balconies on all floors and benefits from panoramic sea views in the heart of Europe’s leading technology park (2500 companies).

As a reminder, Buildings B and C of the COR NATURA program with an area of ​​6,107 square meters were also sold off-plan on September 30, 2021 to the investor Tivoli Capital / KKR.

Christophe Curtin, Founder and President of COURTIN REAL ESTATE Announces:
“We are delighted with this transaction with Foncière Magellan, whom we thank for their trust. Since our inception 5 years ago, COURTIN REAL ESTATE has focused exclusively on the rehabilitation and construction of high-quality buildings, with the needs of beautiful, distinctive, sustainable and responsible architecture, in accordance with our vision for what will be the office of tomorrow. With the post-pandemic context, this change has accelerated and many organizations and users are now looking exclusively for this type of asset.”

Stephen Perron, founder and CEO of Foncière Magellan, announce : “We are very pleased to have acquired our first building in Sophia Antipolis on this exceptional site which is COR NATURA, in the heart of the first technology park in Europe. The program fully aligns with the strategy of our investment fund, ie new high-quality, green and branded office buildings, with a position Good rent.”

In this transaction, Curtin Real Estate Represented by Me Olivier DAGRENAT of the Michaels Notary Office. Like Foncière Magellan by Maître Estelle DUMET from VXL NOTAIRES. CBRE and BNPPRE have been delegated joint exclusivity and have implemented a competitive invitation to tender.

About Curtin Real Estate:

Founded by Christophe Curtin in 2015, Curtin Real Estate is a group that specializes in Grade III real estate, in particular owning a real estate company and real estate development structure, which has made a name for itself by rehabilitating large second-hand buildings in depth for renovation in an environmentally responsible manner. Curtin Real Estate It is an independent, unlisted group interested in assets with real valuation potential. Curtin Real Estate It has won prestigious international groups such as THALES, ALTEN, SII, GIEPS (AXA), ADAMING, ASPERA, ORSYS, FITNESS PARK and REGUS. Curtin Real Estate It is considered a leading real estate company in the southeast of France. It is a leading group in the rehabilitation of old buildings, particularly in the Sophia Antipolis Technology Park. Dozens of historic buildings have already been rehabilitated, or are under construction, in an environmentally responsible manner, on old and aging sites. The total planned deliveries of new programs under construction by the group are approximately 44,000 square metres2 of office and retail space. It will be delivered between 2022 and 2024.

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On Foncier Magellan:

Foncière Magellan is an independent management company – specializing in commercial real estate investment in the region and certified by the Autorité des Marchés Financiers (AMF). It ensures the creation and management of REITs for private and institutional investors, and offers various legal support and arrangements that respond to every legacy issue: OPPCI, Custom Club Deals, SCPI, FPCI… Its investments are integrated into innovative and sustainable real estate projects in the regions. It now has a real estate portfolio of over 650,000 square meters and €1.150 billion in assets under management.

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