TwentyTwo Credit I finances the acquisition of the Spazio property

TwentyTwo Real Estate is pleased to announce that TwentyTwo Credit I has provided €22 million junior financing for the acquisition of the Spazio office property by the German fund Blue Colibri from AEW.

The Spazio property located in the Rueil Malmaison business district, West of Paris, comprises 36 500 m2 of office space across two buildings. It has been delivered in 2008 for a first-class CAC 40 listed tenant. The property benefits from exceptional visibility with a 165m long facade alongside the A86 ring road and high-quality services meeting the latest international standards.

Société Générale has provided a €114 million senior financing.

Daniel Rigny, founder of TwentyTwo Real Estate, said: “We are pleased to have partnered with Société Générale to support Blue Colibri in the acquisition of the Spazio. This transaction is consistent with our strategy of making credit investments in high quality properties while benefiting from structural capital protection and attractive returns »