Clearwater International advises family shareholders on the disposal of Marche CIFA
Clearwater International has advised family shareholders on the sale of Marché CIFA to Eurazeo.
Founded in 2006 in Aubervilliers, the CIFA has been a pioneer in the organised wholesale market in Europe. It was designed to address the issues faced by wholesalers in the historical Parisian districts, hindered in their development by congested traffic and lack of local storage space by offering an innovative concept adapted to their development.
The CIFA benefits from a privileged location in Ile-de-France, with excellent accessibility, both by public transportation (nearby metro station) and by car or van (less than 500 meters from the Paris ring road), and is able to attract a large range of customers worldwide (multi-brand retailers, purchase department of large retail chains, etc.).
The asset meets qualitative codes of shopping centers, offering a suitable architecture to its tenants: over 260 spacious showrooms with mezzanine storages, numerous parking spaces and a 24/24 security system. The asset was built in 3 phases between 2006 and 2014 and totals 38,000sqm over a site area of 3.5ha, with total rent exceeding €15m.
Exiting family shareholders were advised by Clearwater International on the sale of 78% of the property to Eurazeo Patrimoine, Eurazeo newly created real estate private equity division.