L’Hippodrome, Toulouse, France


Investment Date
Q3 2006

Exit Date
Q3 2016
(Fully Realised)

Asset type
Retail park

Revcap strategy
Land improvement/
Pre-let development

Revcap Fund
Revcap I

Investment Type
Joint Venture Equity

Background and Opportunity

  • Purchase of a 3 hectare site on the western ring road in Toulouse for development of a new retail park
  • Planning eventually achieved for a 16,500m² retail park after considerable local opposition

Transaction Progress

  • Pre-lets achieved with Casino for a 3,500m² supermarket and Decathlon for a 5,000m² sports store
  • The project was forward sold to a financial institution prior to the start of construction

Current Status

  • Completion was achieved in Q3 2016
  • The JV received its consideration in stages as the project progressed

Back to Joint Venture Equity


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