Clearwater advises Galimmo on its share capital increase

Transaction

Galimmo raised growth capital from Primonial REIM

Management Advisory

Undisclosed

Role

Adviser to Galimmo on raising growth capital from Primonial REIM

Sector

Real Estate

Region

France & Belgium

Clearwater has advised Galimmo, a listed real estate property company, and its shareholders on its € 30.1m share capital increase with Primonial Capimmo, managed by Primonial REIM.

Galimmo is a real estate property company listed on the Paris stock exchange and dedicated to the ownership and development of commercial assets in France and Belgium.

Primonial REIM is one of the main real estate investors in the French market with more than € 10bn assets under Management.

With this additional transaction, Clearwater reaffirms its expertise in the commercial real estate sector.

We are delighted with the investment of Primonial Capimmo managed by Primonial REIM, a leading player in commercial real estate. This partnership will allow us to strengthen the investment capacity of Galimmo while accelerating the valuation and development of its assets.
Mael Aoustin, Galimmo CEO

Commercial real estate is now a real alternative for investors provided that assets are managed by specialists. This partnership with a major new player in commercial real estate, whose assets are strongly anchored to a major player in the retail sector, reflects Primonial REIM's belief in developing user-friendly shopping centers by building their leadership in their catchment areas.
Gregory Frappet, Primonial REIM CEO

Galimmo aspires to be one of the leading players in the French commercial real estate market. We are fully confident in the ability of the management team to succeed in this challenge.
Clearwater

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