Acquisition a mixed-use portfolio to be restructured

SHIFT CAPITAL advised Topaze, a joint venture between BlueStone Groupe and Maarket, on the acquisition financing of a mixed-use portfolio bought from a fund managed by Hardstone, on behalf of Kuwaiti investors. The portfolio includes 6 assets located in France : Saint Ouen, Guyancourt, Tours (office building let to EDF), Saint Etienne, Lyon and Grenoble (Office building let to Orange). Total area is over 75,000 sqm. All assets are expected to be heavily restructured, and sold as offices, light industrial or logistics.

SHIFT CAPITAL advised Topaze during the initial marketing phase with the prospective lenders on deal presentation, discussions, visits and negotiation of terms sheets, and subsequently assisted throughout the whole closing process in the loan documentation negotiation and coordination of third parties. SHIFT CAPITAL advised notably Topaze on various structuring options to optimise the financing amount and cost.