Societe Generale Côte d'Ivoire, a trusted partner, committed to companies for their development, joins the Société Civile Immobilière IVOIRE TRADE CENTER, for the financing of the high-end real estate complex

IVOIRE TRADE CENTER, located in Cocody. The IVOIRE TRADE CENTER complex, which will be developed and operated by PFO Immobilier, will include more than 17,000 m² of leasable area, including 13,000m2 of offices and 4,000m² of shops. It will be integrated into the site of the sumptuous SOFITEL Hotel Ivoire and will benefit from a premium and unique location, a neat and modern architecture.

The total cost of the operation amounts to thirty-one billion three hundred and sixty-one million eight hundred and thirty-nine thousand nine hundred and seventy-two (31,361,839,972) CFA Francs. It is financed to the tune of 48% from equity by the shareholders, i.e. fourteen billion nine hundred and sixty-one million eight hundred and thirty-nine thousand nine hundred and seventy-two (14,961,839,972) CFA francs, and 52% by Societe Generale Côte d'Ivoire and a local bank, respectively, Ten Billion (10,000,000,000) CFA Francs and Six Billion four hundred million (6,400,000,000) CFA Francs.

In addition to its involvement in financing the project, Societe Generale Côte d'Ivoire through its structured finance platform SFG (Structured Finance Group), played the role of arranger of the transaction, and will continue to play an important role in the transaction until the maturity of the financing, namely over a period of ten (10) years. Indeed, the bank via SFG has been mandated to hold the two roles of Agent of the Facility and Agent of The Security on behalf of all the financial parties.

SGCI / SFG through this transaction, once again demonstrates its skills in real estate / Real Estate financing in West Africa.

IVOIRE TRADE CENTER will benefit from an ambitious environmental approach EDGE. It will be, as soon as it is put into operation, the first EDGE certified operational business center in Côte d'Ivoire, thus offering the guarantee for its users of a controlled energy and water consumption.

PFO Immobilier has placed at the heart of the design of this project, the comfort of the users, the architectural quality and the safety criteria in order to create a unique and privileged working environment. To guarantee this same level of requirement to tenants in the operating phase, a facility management company will ensure the technical management and maintenance of the building.

Societe Generale Côte d'Ivoire and PFO Immobilier are resolutely committed through this transaction to contribute to the influence of Côte d'Ivoire's real estate portfolio in West Africa.