Owning a set of offices and data center in Sophia-Antipolis of around 2,000 m², Céleste, a fiber telecom operator for businesses, has instructed Upside to transaction manage a Sale & Leaseback operation.
With few expert resources in real estate, Céleste subcontracted the entire management and implementation of the transaction to Upside: preliminary analyses, constitution of the data-room, organization of the consultation of investors, conduct of visits, negotiations and formalization of deeds with the support of a notary.
Focused on the development of our core business, we are delighted with the conclusion of this financial and real estate transaction, thanks to the involvement of the Upside team
Florence Petit, CFO of Céleste
The successful completion of the Sale & Leaseback transaction was ensured, on time and in line with the initial target sale price, despite the ups and downs specific to this type of operation.