Report

Acquisition de 145m€ à Nanterre : retour en terrain connu - ACHAT - OC 57€ (vs 56€)

La société a annoncé la signature d’un accord avec Icade (bien que la foncière ne soit pas mentionnée) en vue de l’acquisition du parc d’affaires Nanterre Seine (hors immeuble Axe Seine) et de l’immeuble Défense 3, également à Nanterre, pour 145m€ hors droits et 84 000m². La STE est un acquéreur naturel de ce parc développé par Ph. Lemoine, actuel patron de STE, lorsqu’il dirigeait Silic, repris par Icade. Pour financer cette acquisition, la STE envisage de procéder à une augmentation de capital d’ici la fin de l’année, date espérée de la finalisation de la transaction. Nous modifions nos estimations pour intégrer cette acquisition et l’augmentation de capital plus précoce qu’attendu. ACHAT maintenu et objectif relevé à 57€ vs 56€.
Underlying
Societe de la Tour Eiffel SA

Societe de la Tour Eiffel is a player in the commercial real estate market, specializing in leasing and managing commercial properties in France. Co.'s portfolio breaks down into five components: Offices, Parcs Eiffel located in the Paris area and the regions, Warehouses (principally Post Office Sorting centers) on long leases, Light Industrial Premises in the Paris suburb and regions, and Nursing homes in the south of France leased long-term to an operator. Co. primarily focuses its activities around its investment policy, valuation of group land reserves, business parks, non-business park development, change in value of property assets, business activity, and its divestment policy.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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