SCAPRIM Asset Management wins Grand Hôtel Dieu’s asset management and project monitoring assignments

SCAPRIM Asset Management, the real estate services arm of TwentyTwo Real Estate, has been appointed as asset manager of Grand Hôtel Dieu, Lyon, France, by French insurance company Crédit Agricole Assurances.

The historical monument’s rehabilitation is the largest listed building refurbishment project in Europe. Upon delivery, the c. 50,000 sqm landmark property located in the heart of Lyon and dating from the 12th century will host retail, office and residential facilities as well as a 5-star Intercontinental hotel. www.grand-hotel-dieu.com

The first tranche of this project, which is developed by Eiffage and has been acquired by Credit Agricole Assurances, is targeted to be delivered in December 2017.

SCAPRIM Asset Management has advised Credit Agricole Assurances on the acquisition of the property, and has been appointed as asset manager of the project together with SCAPRIM AMO, acting as project monitor.

Anne Genot, chief executive officer of Scaprim Asset Management said:

“These assignments mark a major step in the development of SCAPRIM SERVICES. We are honoured to be appointed as asset manager of such a prestigious project.”