The performance of investments made by CORUM is not a reliable indicator of future results.

Property Portfolio

New-build offices

Rennes - France

This certified new-build office building is located in the southwest of Rennes at the heart of the new commercial area and hosts the headquarters of Crédit Agricole for the Ile-et-Vilaine department, as well as Altran Technologies and Ernst & Young offices. This area, situated near the ring road and the main roads, will be even more accessible starting in 2018 with the opening of the second underground line of the Rennes conurbation.

This investment generates a net initial yield* of 7.50% (incl. transfer tax and brokerage fees). 

Tenants BookingCom

Booking.com is a subsidiary of the group Priceline.com, which is listed on Nasdaq. This hotel booking website created in 1996 is now available in 40 languages, and guarantees the best rates for all types of hotels. More than 475,000 hotel room nights are booked every day on Booking.com. Booking.com has 5,500 employees in the world, and 40 of them, part of the customer relations team, will be based in the La Courrouze property.

Tenants CFA

CFA is the property development subsidiary of the Financière Duval group. CFA has 95 employees and revenues of €171m; it operates in all areas of property development and is present throughout France through its 8 local offices. The La Courrouze branch hosts 45 employees and covers the Brittany and Normandy regions.

Type

Offices

Acquisition price (incl. transfer tax and brokerage fees)

1,88m

Net initial yield*

7,50% (incl. transfer tax and brokerage fees)


Characteristics