Clearwater International advises on the sale of CIFA by Eurazeo Patrimoine to Mata Capital

Clearwater International has advised on the sale of CIFA by Eurazeo Patrimoine, Eurazeo’s investment division specialising in real estate and companies operating their own real assets, to Mata Capital, a management company specialised in real estate now managing around €1bn in real estate assets. This is the first divestment for Eurazeo Patrimoine.

CIFA is one of Europe’s leading wholesale centres, located in Aubervilliers, France, with 40,000 sqm of space and over 280 tenants.

In 2015, Eurazeo Patrimoine acquired 78% of CIFA from its founder, who retained 22% of its capital, advised by Clearwater International. Over the last five years, the rental yield has been optimised in particular with the development of an additional fully let 1,500 sqm building and the occupancy rate has been increased to 98% at the time of the sale.