November 12, 2021
Mata Capital, Atland Voisin, and MyShareCompany have acquired a portfolio of 11 retail assets branded Intersport from the real estate company "Charly".
"Charly" real estate is owned by the Joannin family, who own the store properties operated by the Prosport group, the leading Intersport cooperative member in France. The transaction amount is €73.5 million.
This acquisition was made jointly by Mata Capital on behalf of the MCF Urban Convenience fund, Atland Voisin on behalf of the SCPI Épargne Pierre, and MyShareCompany on behalf of MyShareSCPI.
This portfolio consists of assets located in established retail zones and "among the best-performing Intersport stores in France." In detail, they total 36,748 sqm of surface area and are located in: Hénin-Beaumont/Noyelles-Godault, Beauvais, Creil/Saint-Maximin, Calais, Maubeuge/Hautmont, Denain, Hazebrouck, Fourmies, Saint-Quentin, Amiens/Longueau, and Montereau-Fault-Yonne.
According to Cyril Joannin, President of "Charly" real estate:
1 - "Beyond validating our expertise, this operation represents a key moment in our development strategy and will also allow us to finance our sectoral diversification."
2- "The completion of this investment confirms our conviction and our initial strategy to acquire properties located on the outskirts of cities in dense peri-urban areas," says Laurent Delautre, Managing Director and Partner at Mata Capital. "The recovery from the Covid-19 crisis also proves its resilience to economic and health upheavals. Selectivity and responsiveness must nevertheless remain key, and partnerships such as the one established with the Prosport group remain exceptional opportunities, allowing for quality long-term financial and real estate projections."
3 - "This operation fits perfectly into our diversification strategy and allows us to take new positions on prime retail assets, leased under firm 9-year leases," states Etienne Wicker, CEO of MyShareCompany. "Retail properties are currently less favored by large investors, which creates opportunities for those who, like us, know how to seize them. Indeed, this operation embodies our conviction and our vision that quality retail premises still hold their own."
4 - In this transaction, Capstone finance (Vincent Boutillier) and the firm Pemont-Neviaski – Rousselle & Laumonier (Maître Sandrine Laumonier) acted as advisors to the sellers; the firm C&C Notaires (Maître Stéphane Loubier), the law firm Simon Associés (Maître Benoit Raimbert), and Socotec for the technical aspects, acted as advisors to the buyers. "We support the Joannin family group on its various balance sheet and capital strategy matters, which this operation fully aligns with," explains Vincent Boutillier, Capstone Finance. "We are pleased to have enabled Cyril Joannin to find the buyers who best met his expectations. This transaction, involving prime assets, will be a market benchmark for investors."