Accor announces the successful disposal of its Paris headquarters building for €460 million to the Valesco Group
In line with the announcement made on September 28th, 2022, Accor announces having successfully completed the disposal of its headquarters building, “Sequana Tower”, for €460 million to The Valesco Group. This transaction is the largest office deal of the year in Continental Europe and largest office deal in France since 2022.
In line with the announcement made on September 28th, 2022, Accor announces having successfully completed the disposal of its headquarters building, “Sequana Tower”, for €460 million to The Valesco Group. This transaction is the largest office deal of the year in Continental Europe and largest office deal in France since 2022.
The transaction structure includes a 12-year sale and leaseback agreement with an initial annual rent of €22 million and existing shareholder loan of €100 million.
Colliers acted as broker for the transaction. Accor was assisted by Gide, Loyrette, Nouel for the legal aspects; ReedSmith for the tax aspects and by Wargny-Katz, notaries.