Sale & Leaseback with IOTA Group SA
The property is fully leased to a single tenant who had the building constructed in 2007 for its own use or to lease partially to third parties as an investment. It became apparent during the construction phase that the company would actually occupy 100% of the premises as operations were growing and there was a need to centralize resources. Despite the fact that the user was the owner, there was a deliberate decision taken during the planning phases to build a property that would be easy to lease to multiple parties. It was with that in mind that each floor is accessible independently and each floor benefits from its own bathrooms, shower, elevator access, etc.
In 2014, the owner/occupier decided to sell the property in order to raise liquidity for its growing operations. Paragon SA was able to react rapidly with a competitive offer for a sale-leaseback thanks to its experience in the market and its knowledge of these type of transactions.
