UNITI – OFI OFI PIERRE’s OFI InnovaCare Foundation acquires a portfolio of 6 senior residences from UNITI with the signing of the first VEFA agreement – 05/05/2022 – 08:00

Press release May 5, 2022

The OFI PIERRE OFI InnovaCare Foundation acquires a portfolio of 6 senior residences from UNITI, signing the first VEFA agreement.[1]

The OFI InnovaCare Fund, managed by OFI PIERRE, received the exclusive right to acquire a portfolio of 6 residences for the elderly (“RSS”) at the end of December 2021 following the announcement of tenders organized by UNITI, a leading player in the residential real estate market in France. development in the service of social diversity. AQUARELIA, the operator of RSS futures, and PGIM Real Estate, a partner and shareholder of UNITI, also participated in this tender.

The AMF-approved OFI InnovaCare, OPPCI strategy responds to rapidly changing social and health issues.

With this first operation, OFI InnovaCare is securing a portion of its core welfare trust pocket with quality assets accounting for nearly 580 housing units scattered throughout the metropolitan area. This portfolio of 6 RSS will be acquired gradually. It offers geographic diversification in line with the fund’s objectives. Finally, the micro-location of the RCC, close to the city center, will allow residents to be fully connected to their environment (transport, services, etc.).

All these residences will be protected by a 12-year lease agreement with AQUARELIA, the exclusive manager of these residences. A historical partner of UNITI, AQUARELIA is a pioneer in France in the field of RSS management with almost 30 years of experience in managed residences. Its commitment to ESG, as well as its unique commercial market positioning with an all-inclusive offering available to the largest number of seniors, allows OFI InnovaCare institutional investors to participate in a nationally beneficial project.

As part of this agreement, OFI InnovaCare today closed the first VEFA deal in its portfolio on RSS, located near the city center of La Garde in Provence-Alpes-Côte d’Azur. This first residence has 102 apartments with a living area of ​​3560 m² and will be rented 1uh quarter of 2024. It will receive the Building Energy Environment (BEE) certification and the positive energy and carbon reduction (E+C-) label, meeting the specifications set by all project stakeholders in terms of performance. .

For UNITI, the entire 6 RSS portfolio represents a turnover of around 85 million euros over 2-3 years.

Guillaume POLY, Chairman of the Board, OFI Pierre highlighted: ” The acquisition of this portfolio demonstrates OFI Pierre’s ability to borrow strategic, rare and sought-after assets while honoring its commitments to institutional investors. In addition, we are delighted to work with UNITI and PGIM Real Estate, with whom we share the same real estate vision to address the major environmental and social challenges of tomorrow. “.

Stephan ORIA, founder and CEO of UNITI concludes: This operation is part of our ongoing commitment to providing concrete answers to the dire need of housing for those who need it most. The completion of our partnership with OFI Pierre marks a new recognition of the relevance of our positioning in the residential real estate market, accessible to all, with our wholesale-oriented economic model. These new transactions in the portfolio will strengthen our visibility in the coming years, helping to accelerate our business activities, which affect both subsidized and managed housing. »

Aurelien Bourdet (Etude Screeb Notaires), Faye Tadros (Denjean & Associé) and Sébastien Alphand (Theop) advised OFI PIERRE on this transaction.

The seller of UNITI / PGIM Real Estate was advised by Bridge Real Estate and CBRE under a joint exclusive mandate, as well as by Etude Matignon Notaires. WATERCOLOR was advised by De Pardieu Brocas Maffei.

About OFI PIERRE

OFI Pierre, established in 2017, is a real estate asset management company, a subsidiary of the OFI group, a leader in SRI management. The OFI Pierre team of real estate experts aims to offer a range of professional funds (OPPCI, SCI and other AIFs) and consumer funds (structured products, unit products). OFI Pierre currently manages three funds: OPPCI OFI Immobilier (SRI SPPICAV dedicated to Premier Office), Esprit Pierre (SCI dedicated to business parks in a club deal) and SCI Crystal Double Immo, a fund of funds. OFI Pierre also provides consulting services on various issues. OFI Pierre’s investment philosophy is characterized by a strong commitment to the values ​​of sustainability and SRI. The management company is also characterized by very high standards in asset and property management of its assets.

For more information: www.ofi-pierre.fr

ABOUT UNITI

The UNITI Group, founded in 2012 by Stéphane Auria, is a leading player in residential development in France. As a player in the development of territories, UNITI produces quality living spaces available to all for local authorities, social landlords and institutional investors. Through its dual position in subsidized housing and managed housing, UNITI creates and implements real estate projects that anticipate social diversity needs and give places meaning and appeal.

UNITI bases its development on key strategic partnerships, in particular with the PGIM REAL ESTATE group to accelerate its development in the French residential real estate market, as well as with the management company PRIMONIAL REIM and operator AQUARELIA to meet the dynamic residential market. Services.

UNITI has about 40 employees and is represented throughout the country through five agencies. In 2021, UNITI’s turnover reached 101.1 million euros (+26.1%). The UNITI Group is listed on Euronext Growth (ISIN: FR0012709160, ticker code: ALUNT).

For more information : www.uniti-habitat.fr

About WATERCOLOR

The AQUARELIA Group, founded in 1992, is an operator of serviced residences designed for self-contained seniors looking for an all-inclusive solution. The house he offers includes, in addition to accommodation in pairs T1, T2 or T2, all rental payments (water, electricity, telephony, internet), as well as day and evening meals, entertainment and 24-hour surveillance. Additional laundry and housekeeping services complete the all-inclusive offering that provides seniors with safety, comfort and social connections at a very controlled price.

The AQUARELIA network, which currently includes 5 managed residences for the elderly, is growing rapidly with the opening in 2022 of 5 new RSSs in Montélimar (26), Savigny-le-Temple (77), Villepinte (93), St. Alban (31). ) and Montargis (45), as well as almost 15 new residences between 2023 and 2024. AQUARELIA was acquired in 2017 by ETABLISSEMENTS ORIA, the holding company of the majority shareholder of UNITI Group, an approved and managed housing developer.

In 2021, AQUARELIA, which employs about 100 people, has reached a turnover close to 6 million euros.

For more information : www.aquarelia.fr

About PGIM Real Estate

PGIM Real Estate is one of the largest real estate investors in the world, with US$209.3 billion in assets under management and management*. PGIM Real Estate is committed to delivering exceptional results to its investment and loan clients through a wide range of investment and financing solutions covering the full spectrum of risk and return. PGIM Real Estate is the investment arm of PGIM, the international asset management subsidiary of Prudential Financial, Inc. (NYSE: PRU) with $1.5 trillion in assets under management. PGIM Real Estate’s experience in risk management, execution skills and in-depth knowledge of the real estate markets is backed by over 50 years of private equity real estate investment, over 140 years in real estate finance.** as well as the local experience of its professionals in 32 cities around the world. Through a differentiated approach to investment, finance and asset management, PGIM Real Estate uses practices that have a positive impact on the environment and society and strives to strengthen public relations around the world.

For more information visit the site www.pgimrealestate.com

* As of December 31, 2021, net assets under management were $137.9 billion and assets under management were $4.95 billion.

** including the legacy of PGIM’s parent company, PFI

PRESS CONTACTS

OFI PIERRE:
Frank BENICHOU • +33 (0)6 45 29 94 53 • [email protected]
Romuald MAYUT • +33 (0)6.37.15.23.60 • [email protected]

OFI ASSET MANAGEMENT:
Diana CASALI • +33 (0)1 56 68 54 76 • [email protected]

ED. ISM:
Gilles AUBAGNIAC • + 33 (0)4 67 99 69 47 • [email protected]bitat.fr
Kirill COMB • +33 (0)1 53 65 68 68 • [email protected]

WATERCOLOR:
Gerard PINNEBERG • [email protected]
Amandine ORIA • [email protected]

PGIM REAL ESTATE:
Celine BRYUGGMAN • +33 (0)6 87 52 71 99 • [email protected]


[1] VEFA: sale in a future state of completion

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