SCBSM acquires the "Saint Frères" building in Paris

SCBSM, a real estate company listed on Euronext Paris, announces the acquisition of the building located at 34-36 rue du Louvre and 112 rue Saint-Honoré. This purchase increases the group's total portfolio value by 20%, which now exceeds €550 million. The 8,200 sq m building is ideally located in a prestigious Parisian district and houses leading tenants. This transaction aligns with SCBSM's strategy of focusing on prime assets in Paris.

The building, constructed at the end of the 19th century by "Saint Frères", is an example of Eiffel-style architecture. SCBSM plans to improve and enhance the building while improving its energy efficiency, in line with the tertiary sector decree.

To finance this acquisition, SCBSM secured a €78.5 million, 7-year bank loan from BECM and BNP Paribas. The company's LTV ratio remains below 50%, demonstrating prudent debt management. This acquisition strengthens SCBSM's position as a leading Parisian real estate company.