In 1992, Cofinance Inc. acquired property near the Los Angeles Airport in California. The investment strategy is based on leasing the land to tenants operating over long periods (30 to 90 years): hotel, car park, residential, office. The underlying property complex has a total area of 556,000 square feet and a net income of $3 million.
Los Angeles (Californie)
The property was acquired in 1992
Total surface of 556 000 square feet
In 2010, Cofinance Inc. acquired a portfolio of six retail properties in upstate New York whose anchor store is the Tops Market. The portfolio managed by Cofinance on behalf of its partners covers 45 tenants and over 703,000 square feet in leasable space for current revenue of $5.2 million. The portfolio value is estimated at more than $50 million.
Buffalo (Etat de New-York)
Acquisition of 6 shopping center in 2010
Surface area of 703 000 square feet
Acquisition in the late 1980s of the pizzeria business which operated the commercial floors of this building. Negotiations with the landlord to get permission to restore the entire building and convert the residential lots into office space.
Today, this building is the Paris headquarters of COFINANCE group.
The business was acquired in 1987
1,265 m2 in surface area (offices and shops)
Cofinance SAS Headquarters
Passage Louis Philippe
Paris (11 ème)
The property was acquired in 1985
3,100 m2 in surface area
Project worth €15 million
Acquisition of a commercial complex in 2004
10785 sf in surface area
Project worth €20 million
Cité Toulouse Lautrec (Montmartre)
The property was acquired in 2014
Surface de 6000 m2
Project worth 50 M €
Acquisition in the context of an 80-year leasehold of the Hotel des Cures Marines in Trouville-sur-Mer. This building, a historical monument abandoned since 1999, underwent extensive renovation work that resulted in the delivery of a 5-star hotel/spa operated under the MGallery brand.
The COFINANCE group owns the building and the business of this hotel.
Les Cures Marines
The property was acquired in 2012
11,000 sf in surface area
Investment of €40 million