Paris, December 1, 2021 – Ardian, a world leading private investment house, and LEDGER, a global leader in security solutions for crypto-currencies, announce today that they have signed a lease for an office building at 106 rue du Temple, Paris, in the heart of the historic Marais district.

The nearly 7,500 sqm building is a former telephone exchange built in 1927, with a facade listed in the ‘Inventaire Supplémentaire des Monuments Historiques.’ The building boasts other unique characteristics, such as an industrial and functional architectural style typical of the period. Ardian Real Estate acquired the property in July 2020, in co-investment with EDF Invest, who acts as a minority shareholder. The team plans to completely reposition the asset by converting it from high-rise to low-rise whilst enhancing its panoramic views of Paris. The project is entrusted to Franklin Azzi Architecture. The repositioning will transform the historic building to cater to new ways of working and meet the needs of its future occupants, which includes making outdoor spaces more accessible and reconfiguring workspaces.

Ardian will also ensure the property meets the highest industry standards once works are completed. Energy and technology efficiency will be prioritized through the use of various external certifications (BREEAM, HQE, Effinergie, Wiredscore).

The building is an important and vibrant asset to the neighborhood, hosting a range of events such as contemporary art exhibitions – most recently, the venue hosted an art exhibition organized by Ardian in partnership with the GALLERIA CONTINUA.

Construction works are expected to be completed at the beginning of 2023 and will be carried out by PETIT (a Vinci Construction France company).

The transaction was conducted with the assistance of AKTIS PARTNERS.

Once the redevelopment is completed, LEDGER will install its future global headquarters in the building. Since the beginning of the year, LEDGER has raised $427 million in Series C funding and hired over 250 employees. The building will cater to the modern worker, with unique spaces to collaborate and entertain, and an experience center to promote and educate people about their products and services.

“Our vision is to create a virtuous environment that brings together – in perfect balance – a safe and secure place with a biophilic design that fosters natural light and the well-being of our employees, with technology, innovation, and art, in its different forms.” RÉDA NAFAA, Global Head of Workplace

“We are proud to welcome LEDGER to 106 rue du Temple and support the future development of its business. This agreement is a testament to the quality and ambition of this project, and of the ability of our team to transform  buildings into truly unique spaces that embody the offices of the future.” STÉPHANIE BENSIMON, Head of Ardian Real Estate

“A company’s headquarters is a reflection of its vision and ambition. I am convinced that it is a key element, especially when that company is projecting itself as a key player in a thriving ecosystem. I am convinced that, even if the post-Covid world of increased hybridity has evolved certain variables (the number of desks available per day, the possibility of fully remote colleagues…), it remains fundamental for a company with our ambition to manifest the latter in the places it invests (GAFAs and the other Tech champions of the world are not mistaken). We want to attract the right talent, promote our culture and project, engender pride within teams, and provide creative and efficient places for employees to exchange. That’s why we have chosen to invest in 106 rue du Temple. There, we will develop an employee experience that will be at the cutting edge of new ways of working.” PASCAL GAUTHIER, Chairman & CEO of LEDGER

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$120bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 800 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,200 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.

www.ardian.com

ABOUT LEDGER

Founded in 2014 Ledger is the all-in-one digital asset management solution serving retail and institutional clients in 200 countries. Headquartered in Paris, with offices in New York, Singapore, London, Zurich, and Vierzon, Ledger has a team of over 500 professionals.
From inception, Ledger has become the de-facto standard for securing digital assets through its line-up of hardware wallet devices. Launched in 2020, the Ledger Live platform allows users to trade, swap, and lend all on one secure platform, making it one of the securest platforms for investors to begin their crypto journey. Totaling more than 3 million wallets sold around the world, its more than 1.5 million users of its platform, and its institutional clients that the company services through Ledger Enterprise Solutions (LES), the company is currently securing approximately 15% of digital assets around the world.
It aims at keeping its lead on a fastly evolving market by investing heavily in its technology, but also in the development of new services within its platform to offer security, freedom and simplicity of use to the greatest number of people in their entire experience of digital assets. Ledger’s ambition is to become the secure platform of reference for the entire cryptoasset ecosystem, in order to allow everyone, wherever they are, to invest, save, control, or spend their digital assets directly and, more broadly, to regain control of their critical digital data.

www.ledger.com

Press Contacts

ARDIAN

HEADLAND Viktor Tsvetanov

ardian@headlandconsultancy.com

+44 7818 594991

LEDGER

Benoît Pellevoizin

benoit.pellevoizin@ledger.fr

+33 6 72 44 07 17

VISTA, Calif.–(BUSINESS WIRE)– KKR, a leading global investment firm, and San Diego-based Westcore, a leading industrial real estate acquisition, development and asset management firm, today announced that Westcore has sold an approximately 197,000-square-foot industrial warehouse (“Vista Commerce”) located in Vista, California to KKR.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211130005990/en/

Westcore sold an approximately 185,000-square-foot industrial warehouse in Vista, California to KKR. (Photo credit: CBRE)

Vista Commerce is located on an all-concrete site and features 14 dock-high doors, six grade-level doors, 27-foot clear height and ample power. The property is 100% leased to a publicly listed healthcare diagnostic testing company.

“We are pleased grow our industrial real estate footprint in Southern California with the purchase of this well-located and fully leased industrial distribution property,” said Ben Brudney, a Director in the real estate group at KKR who oversees the firm’s industrial investments in the United States.

“The interior upgrades to the office area and warehouse space we made provided a highly functional space that attracted a leading healthcare company,” said Westcore Managing Director Hack Adams. “With a high-quality tenant in place and a strategic location in close proximity to high-demand life sciences submarkets, KKR has acquired a valuable asset.”

CBRE represented Westcore in the sale. Westcore acquired Vista Commerce in early 2020 with assistance from CBRE, who also helped secure the lease to the current tenant.

KKR acquired Vista Commerce through its KKR Real Estate Partners Americas III fund.

About Westcore

Westcore is a fully integrated commercial real estate investment company with institutional scale and capabilities that operates with speed, agility and adaptability. Since its founding in 2000, Westcore and its affiliates have acquired and managed more than $6 billion in industrial and office assets, comprised of more than 1200 buildings and totaling over 50 million square feet. In addition to its U.S. headquarters in San Diego, Westcore has regional offices in Los Angeles; Oakland; and Sacramento, as well as satellite offices in London, England; Berlin, Germany; and Vienna, Austria.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211130005990/en/

Media:
For Westcore
Jennifer Whitelaw
TW2 Marketing
jwhitelaw@tw2marketing.com, 619-733-5944

For KKR
Miles Radcliffe-Trenner
212-750-8300
media@kkr.com

Source: KKR

Activa Capital announces an investment in the digital network of real estate agents BSK Immobilier. On the occasion of this transaction, Activa Capital takes a minority stake alongside Lionel Pelletier, majority shareholder and President of BSK Immobilier.

Founded in 2010 in Toulouse (Southern France) with the ambition to offer an alternative model of real estate intermediation, BSK Immobilier is a digital platform offering a complete range of services and tools with high added value for real estate agents. Since its creation, the company has recorded remarkable organic growth to become one of the key players in the digital real estate networks in France, with over 1,400 active agents and a volume of 4,000 transactions per year. BSK Immobilier generated approximately €30 million in revenues for the fiscal year ending September 2021.

Driven by a fast-growing market segment and a differentiating value proposition, BSK Immobilier intends to continue its double-digit organic growth and reach more than €100m in revenues in the medium term.
While preserving the family DNA of the company, this operation will allow BSK Immobilier to continue its ambitious development, notably through the structuring of the head office teams, the reinforcement of the training program for agents, the development of network animation actions, the continuation of digital investments and the deployment of differentiating technological tools. The group thus wishes to consolidate its leadership on the French market and gradually roll out its offer internationally.

Activa Capital, which specializes in supporting SMEs in primary transactions, will bring to BSK Immobilier its know-how in structuring fast-growing digital companies. With this investment, Activa Capital announces the 3rd investment of its latest vehicle, Activa Capital Fund IV.
Lionel Pelletier, President of BSK Immobilier, said: “We are delighted to welcome Activa Capital, which fully shares our strategic vision. This partnership will enable us to continue our investments, particularly in digital technology and the development of differentiating technological tools for our agents. I would like to take this opportunity to thank all of our real estate agents who have placed their trust in us and who contribute to the success of BSK Immobilier through their professionalism and commitment.”

Alexandre Masson and Christophe Parier, Managing Partners at Activa Capital, added: “BSK Immobilier is a leading player in its market and has a very significant development potential. This is a unique investment opportunity that lies at the heart of our expertise: supporting primary operations alongside talented entrepreneurs. We are very proud to have the opportunity to participate in this new phase of BSK Immobilier’s growth alongside Lionel Pelletier, its founder, with whom we share the same entrepreneurial DNA.”
The transaction is expected to be completed in the first quarter of 2022.

* * *
Deal participants
BSK Immobilier: Lionel Pelletier
Activa Capital: Alexandre Masson, Christophe Parier, David Quatrepoint, Elliot Thiéblin, Julie Perouzel

Vendors
M&A Advisor – Natixis Partners (Thomas Laroque, Alexandre Amirault, Elvire Sidos)
Financial Advisor – Natixis Partners (Virginie Gasnier)
Financial Due Diligence Advisor – Next! Financial Advisors (Hervé Krissi, Laura Guérin, Baptiste Doche)
Corporate Lawyer – Volt Associés (Emmanuel Vergnaud, Clément Carol)
Legal & Tax Advisor – Volt Associés (Stéphane Letranchant, Gontran Souweine)

Buyers
Financial Due Diligence: Oderis (Thomas Claverie, Norian Lebrot, Andoni Balaguer)
Strategic Due Diligence: CMI Stratégies (Nicolas Kandel, Simon Bolboc, Nicola Virgata)
Social, Fiscal & Legal Due Diligence: EY Société d’Avocats (Jean-Philippe Barbé, Jean-Christophe Sabourin, Anne-Elisabeth Combes)
Corporate Lawyer: Hogan Lovells (Stéphane Huten, Ali Chegra, Florian Tranchecoste)

About BSK Immobilier
BSK Immobilier is one of the leading real estate agent networks in France. Created in 2011 by Lionel Pelletier, this digital platform offers its agents a complete range of services and tools with high added value. In strong growth, the network counts in 2021 more than 1,400 active agents and a turnover of about €30m.
> More information https://bskimmobilier.com/

About Activa Capital
Activa Capital is a French independent private equity firm, owned by its partners, characterized by a proactive build-up strategy. It currently manages more than €300 million on behalf of institutional investors by investing in French SMEs and ETIs with high growth potential and an enterprise value of between €20 and €100 million. Activa Capital assists them to accelerate their development and international presence.
> To find out more about Activa Capital, visit activacapital.com

Press contacts
Alexandre Masson Christophe Parier Christelle Piatto
Managing Partner Managing Partner Communications Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com christelle.piatto@activacapital.com

One of the largest US industrial real estate transactions ever, the portfolio consists of 328 high-quality, modern supply chain and e-commerce facilities totaling 70.5 million square feet, assembled through more than 100 transactions over three years

EQT Exeter raised occupancy in the constructed and standing assets from 55 percent initially to 95 percent at sale and increased the average unleveraged yield on cost from 4.8 percent initially to 6.9 percent

EQT Exeter, with its unique operating capabilities in the industry, will continue to lease, property manage, and asset manage the portfolio

EQT Exeter is pleased to announce it has closed a USD 6.8 billion, 70.5 million square foot portfolio sale on behalf of its private real estate funds, EQT Exeter Industrial Value Fund IV and related investment vehicles. The portfolio is comprised primarily of logistics properties that serve the supply chains of major corporations, including facilities for “big box” regional distribution, e-commerce fulfilment, and last mile distribution. The portfolio spans the Top 5 US distribution hubs of New York, Dallas, Atlanta, Chicago, and Los Angeles and the key e-commerce and air cargo hubs of Memphis, Indianapolis, Columbus, and Louisville.

With 20 offices across the US alone, EQT Exeter mobilized its deep local market knowledge and expansive industry relationships to assemble the portfolio through more than 100 transactions executed over three years. These investments were made on behalf of industrial value fund investors who sought value growth through development and leasing activities. Differentiated by its fully in-house execution of property design, development, and leasing, EQT Exeter: developed 15 million square feet of the portfolio, with an additional 7 million square feet under construction; leased 45 million square feet of vacancy; and signed 28 million square feet in renewals during the funds’ period of ownership. This vertical integration allowed EQT Exeter to add significant value, raising occupancy from 55 percent initially to 95 percent at sale, thus increasing the unleveraged yield on cost from 4.8 percent initially to 6.9 percent at sale.

In line with EQT Exeter’s commitment to sustainability, the 22 million square feet of newly constructed properties are equipped with the newest renewable design features in the industry. As part of the reletting of existing space, EQT Exeter has taken a number of steps to reduce environmental impact, including installing LED lighting, reflective roof materials, and clerestory natural light features, and introducing pervious parking and trailer areas and onsite stormwater retention.

The portfolio was marketed for sale to global institutional buyers who have grown accustomed to EQT Exeter providing the marketplace with the most modern, sustainable, diversified, and high-quality portfolios that provide stable cash flow from a strong credit tenant base. The buyer is a newly formed global partnership, which has engaged EQT Exeter to continue operating and managing the properties.

Ward Fitzgerald, Partner and Head EQT Exeter, said, “We are grateful to have the opportunity to deliver this transformational deal for our investors in the US industrial value funds, which have the #1 performance among all private real estate funds invested during the same time periods. We are humbled to serve the teachers, firefighters, public workers, and so many others whose retirements depend on EQT Exeter’s commitment to success. I am extremely proud of the entire US EQT Exeter team for their tireless, gritty efforts in acquiring, developing, leasing, and stabilizing this high-quality portfolio, enabling us to continue our track record as one of the highest-performing real estate investment managers in the world.”

Fitzgerald continued, “Furthermore, we are excited to continue collaborating with the buyers, our partners in a new venture as we operate the assets moving forward. Today’s transaction is the fourth multi-billion-dollar portfolio sale for EQT Exeter. Throughout our team’s long history, we have been laying the bricks of design excellence, leasing execution, and strong corporate tenant relationships to serve such partners with large-scale portfolios of the highest quality and the active management expertise to produce steady income and asset appreciation.”

Fried, Frank, Harris, Shriver & Jacobson LLP advised EQT Exeter, and Eastdil Secured LLC served as the procuring broker in this transaction.

Contact
US media inquiries: Mathilde Milch, Director, Communications, EQT mathilde.milch@eqtpartners.com, +1 (917) 510-6626
International: EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About

About EQT Exeter
EQT Exeter is a global real estate solutions provider serving corporate and consumer tenants with scope and scale. EQT Exeter is among the largest real estate investment managers in the world and is focused on acquiring, developing and managing logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia. EQT Exeter was created through the combination of EQT Real Estate and Exeter Property Group.

The EQT Exeter Team comprises 280 experienced professionals operating in close to 40 regional offices around the globe. Collectively they have consummated over 700 real estate investments. As part of EQT, the team has access to the full EQT Network including more than 600 industry advisors across the globe as well as the EQT’s industry-leading sustainability credentials and framework, and in-house digitalization skills.

About EQT
EQT is a purpose-driven global investment organization with more than EUR 70 billion in assets under management across 27 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market investor and RivingtonHark, a UK retail asset manager focused on ensuring the future sustainability of towns and cities,  announce a joint venture to acquire St Johns Shopping Centre (“St John’s”),  a 540,000 sq. ft prime property in central Liverpool.

St John’s is located in the heart of Liverpool, between Liverpool’s two main train stations and the main bus station where significant public sector infrastructure works are being completed. The centre is currently 97% occupied with over 100 tenants, and the scheme is also the home of the St John’s Beacon, one of the UK’s most well-known and iconic buildings.

St John’s has benefited from significant renovation and refurbishment investment over the past decade, and AnaCap and RivingtonHark are looking to continue investing to meet the ongoing demands of a leading city-centre shopping centre.

The investment in St John’s sits within AnaCap’s opportunistic real estate strategy where it is capitalising on its extensive network to identify attractive, well located properties across Europe. It also epitomises AnaCap’s approach of leveraging dedicated, in-house specialist investment and asset management expertise to work alongside best-in-class operating partners targeted for each investment.

Sebastien Wigdo, Managing Director at AnaCap, commented:
“This acquisition represents an exciting opportunity for AnaCap to invest in a prime and stabilised retail asset in the UK, demonstrating our ability to identify value in a sector which may have been previously overlooked. We were particularly attracted to the asset given its high-quality location and strong tenant mix of both local and national retailers, a large number of whom have shown a long-term commitment to the location during Covid.”

Mark Williams, Executive Director at RivingtonHark, added:
“We are glad to partner with AnaCap and are looking forward to engage with our tenants, the Liverpool City Council and the wider community to continue to invest in the asset and create long term value for all stakeholders.”

Toronto and New York, October 20, 2021 – Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (“WPT”) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, “Units”) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the assumption of debt (the “Transaction”). The Units will be delisted from the Toronto Stock Exchange at the close of business today and WPT will apply to cease to be a reporting issuer under applicable Canadian securities law.

Following closing of the Transaction, former members of the WPT management team will continue to do business under the name WPT Capital Advisors, as an independently owned and operated company.

The Transaction was announced on August 9, 2021.

For more information on the Transaction, please see the news releases issued by WPT on August 9, 2021, September 10, 2021, September 23, 2021, October 7, 2021 and October 13, 2021 along with WPT’s management information circular dated September 2, 2021 prepared in connection with the Transaction, all of which are available under WPT’s profile at www.sedar.com or WPT’s website at www.wptreit.com.

Unitholders who have questions or require assistance with submitting their Units in connection with the Transaction may direct their questions to Computershare Investor Services Inc., which is acting as depositary in connection with the Transaction, by phone toll-free at 1-800-564-6253 or by email at corporateactions@computershare.com.

Advisors
Morgan Stanley & Co. LLC and Desjardins Capital Markets acted as financial advisors to WPT and Blair Franklin Capital Partners Inc. also provided the Special Committee with a fairness opinion in respect of the Transaction.

Blake, Cassels & Graydon LLP and Vinson & Elkins LLP acted as legal counsel to WPT in connection with the Transaction and Wildeboer Dellelce LLP acted as independent legal counsel to the Special Committee.

Eastdil Secured, Goldman Sachs & Co. LLC, BofA Securities and BMO Capital Markets acted as financial advisors to BREIT and Simpson Thacher & Bartlett LLP and Goodmans LLP acted as legal counsel to BREIT.

About Blackstone Real Estate Income Trust 
Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $208 billion in investor capital under management. Further information is available at www.breit.com.

About WPT Industrial Real Estate Investment Trust
WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. WPT acquires, develops, manages and owns distribution and logistics properties located in the United States. WPT Industrial, LP (WPT’s operating subsidiary) indirectly owns or manages a portfolio of properties across 19 U.S. states consisting of approximately 38.0 million square feet of GLA and 112 properties.

Forward-Looking Information
Certain statements contained in this news release may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward looking information in this news release includes, but is not limited to, statements relating to the delisting of Units following closing of the Transaction and the expectation that WPT will cease to be a reporting issuer following closing of the Transaction.

Although WPT believes that the expectations and assumptions on which the forward-looking information contained in this news release is based are reasonable, undue reliance should not be placed on the forward-looking information because WPT can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

The forward-looking information contained in this news release represents WPT’s expectations as of the date hereof, and is subject to change after such date. WPT disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable Canadian securities laws.

Forward-Looking Statements
Certain information contained in this communication constitutes “forward-looking statements” within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”, “confident,” “conviction,” “identified” or the negative versions of these words or other comparable words thereof. These may include financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements regarding future performance and statements regarding identified but not yet closed acquisitions. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. These factors include, but are not limited to, those described under the section entitled “Risk Factors” in BREIT’s prospectus, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BREIT’s prospectus and other filings). Except as otherwise required by federal securities laws, BREIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

For more information, please contact:

Jeffrey Kauth
(212) 583-5395
Jeffrey.Kauth@Blackstone.com

Scott Frederiksen, Chief Executive Officer
Matt Cimino, Chief Operating Officer
Tel: (612) 800-8530
IR@wptreit.com

Paris, September 10th 2021

The Real Estate team of Eurazeo, with its partner Arax Properties, has reached an agreement with Orchard Street for the acquisition of the Trinity Trading Estate (“the Estate”), a multi-let trading complex located South East of London and totaling 410,000 sq ft (38,000 sqm).
The asset is strategically located in Sittingbourne, between London and the Euro Tunnel, an established and thriving commercial location in Kent with best-in-class connectivity.

This 98%-leased Estate is generating day-1 income with a strong rental reversion potential. Together with its partner Arax Properties, the Real Estate division will invest to modernize the asset and develop additional units in order to further increase density and capture the Estate’s full rental potential.
In the wake of the acquisition of two office buildings in London, the Trinity Trading Estate allows Eurazeo to increase its footprint in the UK and enter the industrial and logistics market. Eurazeo equity commitment amounts to around €27 million.
Renaud Haberkorn, Managing Partner of Eurazeo, Head of the Real Assets division, said:
« We have identified various levers to create additional value within this multi-let industrial park, in particular densifying the estate and renovating significantly existing units. This first “value-add” acquisition in the UK industrial and logistics market will set the first stone of a portfolio aggregation strategy and reflects our conviction in a growing market that has experienced a structural shift accelerated by Covid-19 pandemic. »

Riccardo Abello, Managing Director, Real Estate, added:
« Thanks to its existing diverse tenant base generating income from day 1 and high historical occupancy, the Trinity Trading Estate offers downside protection as well as numerous asset management initiatives. »

Giles Morse, Partner of Arax Properties, said:
« Arax Properties is delighted to be undertaking another investment with our partners Eurazeo. Arax Properties has built a best-in-class industrial and logistics team and looks forward to expanding its exposure to the sector across the UK. »

ABOUT EURAZEO
• Eurazeo is a leading global investment group, with a diversified portfolio of €25.6.7 billion in assets under management, including €17.8. billion from third parties, invested in 450 companies. With its considerable private equity, private debt, real estate and infrastructure expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term.
• Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.
• Eurazeo is listed on Euronext Paris.
• ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

EURAZEO CONTACT
Virginie Christnacht
HEAD OF COMMUNICATIONS vchristnacht@eurazeo.com
+33 (0)1 44 15 76 44
Pierre Bernardin
HEAD OF INVESTOR RELATIONS pbernardin@eurazeo.com
+33 (0)1 44 15 16 76
PRESS CONTACT
DAVID STURKEN
MAITLAND/AMO dsturken@maitland.co.uk
+44 (0)7990 595 913