SFL (Paris:FLY) has signed a long-term lease with Misys on more than 6,500 square metres of office space in the Washington Plaza, which is owned by Société Foncière Lyonnaise (66%) and Prédica (34%).
Misys (www.misys.com), which has been wholly owned by Vista Equity Partners since 1 June 2012, is one of the world’s leading banking and financial software providers (Kondor, Sophis, Summit, BankFusion, Loan IQ, Midas, Equation, Opics, Almonde, Trade Portal…).
Over 500 Misys employees in France, who are currently spread across four different sites, will be grouped together in the heart of the Paris Central Business District from the first quarter of 2013 in large, highly functional 2,200 square metres office spaces that have been fully renovated following the departures of Hammerson and Poweo/Direct Energie at the end of 2012.
In addition to the site’s unparalleled central location and ease of access, Misys was won over by the quality and modularity of the work spaces, the amenities (concierge services, restaurant, cafeteria, security control room) and, above all, by the ambitious renovation project for the Washington Plaza business centre.
Designed by architecture firm DTACC, the operation, image, and identity of the site will be radically transformed, with the creation of a large lobby for the Friedland entrance and a spectacular interior gallery overlooking a private garden. The work is scheduled to be carried out in 2013/2014.
For this transaction, Misys, SFL and Prédica were advised by CBRE.
With an exceptional portfolio of properties valued at €3.4 billion including transfer costs, essentially located in the Paris Central Business District, SFL is a preferred vehicle for investors wishing to invest in the Paris office and retail property market. As the leading player in this market, the Group is firmly focused on pro-actively managing high-quality property assets. SFL has elected to be taxed as an SIIC since 2003.
Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
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