L'Etoile Properties has sold on behalf of INMOFRANCIA 1 a property in rue de Madrid to CCR, a French reinsurance company.
INMOFRANCIA 1 is a fund structured in 2005 by Banco Santander for HNWI. L'Etoile Properties has assisted in the structuring and has been from the launch of the fund appointed as asset and property manager.
L'Etoile Properties carries out a pro-active asset management with strategic lease renegotiations and improvement works which are enhancing the portfolio value. Further properties will then be sold in the coming months.