EURAZEO (EPA:RF) - EURAZEO PATRIMOINE PARTNERS WITH DAZIA CAPITAL, A RESIDENTIAL PROJECT SPECIALIST IN MADRID, SPAIN

Transparency directive : regulatory news

24/05/2018 17:45

PRESS RELEASE

     EURAZEO PATRIMOINE PARTNERS WITH DAZIA CAPITAL, A RESIDENTIAL PROJECT
                            SPECIALIST IN MADRID, SPAIN

Paris, May 24, 2018 - Eurazeo Patrimoine, the Eurazeo investment division
specializing in real estate asset companies, has signed a partnership with
Dazia Capital, a Spanish operator and investor dedicated to the acquisition,
renovation and split sale of residential buildings in Madrid and Spain's other
main cities.

The partnership, which consists in a joint venture between Eurazeo Patrimoine
and Dazia Capital, named as Dazeo, will cover:

* A three-year equity investment program of EUR70 million for Eurazeo,
  involving transactions to be completed in Madrid, Barcelona, Valencia and the
  Costa del Sol;
* An initial and designated acquisition portfolio of EUR12 million in equity
  for Dazeo, comprising three buildings in Madrid (Alcala, Santa Engrancia, and
  Santa Isabela), of which the first, Alcala, has also been signed as of today.
  This project will encompass a total of 2,600 m2, including a 23 apartments.

Dazia Capital will be responsible for managing the projects on a daily basis,
from development to the sale of finished apartments.

The partnership offers an attractive risk-return ratio for Eurazeo Patrimoine,
as demand for downtown housing increases in Spain in the midst of an economic
recovery. The signature of this joint venture represents an opportunity for
Eurazeo Patrimoine to position itself on the Spanish market over the long term
and contribute to the country's residential real estate drive.

Quoting Renaud Haberkorn, Managing Partner of Eurazeo Patrimoine: "In setting
up this joint venture, our goal is to develop a value-added residential
investment platform that will strengthen our position on the Spanish market. We
are already active in Spain, where we own nine hotels, whose performance
underscore the vitality of the recovery, and now we wish to capitalize on the
turnaround in residential real estate, where prices have not yet reach their
2008 level. To achieve this, we can rely on the local know-how of our partner
Dazia Capital, and a seasoned team of professionals with an impressive track
record in project sourcing."

Daniel Mazin, CEO of Dazia Capital, added: "By entering into this alliance with
Eurazeo, Dazia is accelerating its residential investment program in urban
areas and major spanish tourist centers. Our strategy is based on the
significant investment needed to improve existing buildings in major cities or
to build new ones and meet the growing demand of the population who wish to
return to live in the city centre, held back by the obsolescence of the park.
We fully share Eurazeo's strategic vision and leaning on this prestigious
partner and its teams with recognized skills will strongly contribute to the
achievement of our objectives."

About Eurazeo

o With a diversified portfolio of approximately EUR16 billion in assets under
  management, including EUR10 billion from third parties, Eurazeo is a leading
  global investment company with offices in Paris and Luxembourg, New York,
  Shanghai and Sao Paulo. Its purpose and mission is to identify, accelerate
  and enhance the transformation potential of the companies in which it
  invests. The firm covers most private equity segments through its five
  investment divisions - Eurazeo Capital, Eurazeo Croissance, Eurazeo PME,
  Eurazeo Patrimoine and Eurazeo Brands - and through three Idinvest business
  divisions: Venture Capital, Private Debt and Dedicated Portfolio & Funds.
  Its solid institutional and family shareholder base, robust financial
  structure free of structural debt, and flexible investment horizon enable
  Eurazeo to support its companies over the long term. As a global long-term
  shareholder, the firm offers deep sector expertise, a gateway to global
  markets, and a stable foothold for transformational growth to the companies
  it supports.

o Eurazeo is listed on Euronext Paris.

o ISIN: FR0000121121 - Bloomberg: RF FP - Reuters: EURA.PA

About Dazia Capital

o Dazia Capital is a real estate operator in Madrid. The business strategy is
  focused on the residential market in urban centres and the best tourist
  locations in Spain. The firm closed 2017 with a cumulative investment of 185
  million euros. This investment has been carried out through the gradual
  acquisition, over the last three years, of different buildings and floors
  covering an area of 86,000 square metres and 500 homes located in Madrid and
  the Costa del Sol.

EURAZEO CONTACTS

CAROLINE COHEN
Head of Investor Relations
ccohen@eurazeo.com
Tel.: +33 (0)1 44 15 16 76

STEPHANIE MARIA-BAJARD
Communications
smaria-bajard@eurazeo.com
Tel.: +33 (0)1 44 15 80 44

PRESS CONTACT

HAVAS PARIS
DANIEL SALTSMAN
daniel.saltsman@havas.com
Tel.: +33 (0)6 33 39 94 42

  For more information, please visit the Group's website: www.eurazeo.com
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