Bouygues Immobilier is a leading private property developer in France and Europe, with 1,908 employees at 31 December 2017 and sales of €2,712 million in 2017. With 39 branches in France and four outside France, Bouygues Immobilier has nearly 60 years' experience in developing residential, corporate and commercial projects in more than 250 towns and cities. Bouygues Immobilier has a strong commitment to innovation and sustainable development and therefore seeks to provide better quality of life over the long term for all its customers by making their experience of the buying process and the use they make of the living spaces and services created for them as pleasant as possible. Bouygues Immobilier is the first developer to be certified ISO 9001 in France, NF Habitat HQE, and Top Employer France 2017, and to win the 2016 prize for the best customer relations awarded by the French Customer Relations Association (AFRC).
This two-hectare site located close to the Paris ring road and the RER B suburban railway line accommodated a 30,000 m² (net floor area) property complex occupied by a single tenant up until the end of 2011.
MACSF is to carry out a 50,000 m² (floor area) commercial property development on this site, which has already been pre-leased and will be occupied once again from the beginning of 2015 (9-year lease).
As well as being designed and developed by Bouygues Immobilier, this is also a Rehagreen® operation which aims to renovate and rehabilitate the existing site. Campus Val de Bièvre will be the first Rehagreen® development comprising demolition and reconstruction.
This new generation project will be able to host three times more work stations than before (3,000) by freeing up a vast area of space at the heart of the development thanks to an optimisation of all the site's possibilities.
Designed by architect firm Valode & Pistre, it will meet the following current international benchmarks:
- the RT 2012 thermal regulation
- the Passeport HQE® High Environmental Quality label - "Exceptional", with a 4-star "occupier health" rating
- BREEAM certification
The Municipality of Gentilly has managed to retain one of the town's major employers by renovating this site, thus favouring local development to the benefit of the surrounding population and the people who work there.
The project provides MACSF group a secure and significant property investment that complies with the aims of its financial policy. In addition, it also satisfies the group's objective of acquiring high performance, cutting-edge buildings that benefit from the latest environmental certifications (e.g. Via verde in Nanterre, La Timone residence in Marseille, etc.)
It has the following original features:
- It will enable the current tenant, present for the last 20 years, to remain on the site;
- Campus Val de Bièvre is a virtuous property development, at the forefront of sustainable development;
- The site is located at the heart of the Healthcare Campus in the Vallée Scientifique de la Bièvre (the Bièvre science valley) and, in the future, will benefit from the extension of line 14 of the Paris metro which will connect the site to Paris' major airports.
This property asset is financed by MACSF épargne retraite, without issue of debt.
The operation, which is one the year’s biggest rental property transactions, was managed by the property teams of the MACSF group, assisted by Jones Lang LaSalle (owner's project manager) and Gide Loyrette (legal and fiscal advice).
It is the result of an exemplary partnership between MACSF, Bouygues Immobilier and the Municipality of Gentilly.