In 2017, the Eaglestone Group acquired 100% of the shares in S.A. The First – then known as S.A. Certimmo – which owns an 10.000-m² office building, also called The First. In June 2020, Eaglestone secured another prime tenant when the renowned US law firm White & Case signed a 15-year tenancy agreement. After the construction works, which are
planned for early 2023, they will occupy approximately 4.500 m² of the building, which is the half of The First's total surface area. With the contract signed by White & Case, and Verizon being committed to extending its tenancy by at least another 6 years, The First is now 70% occupied by a mixture of high-quality tenants. Of the seven floors that the building will comprise following the renovations, only two surfaces on the 1st and 2nd floors remain available.
Eaglestone has just sold its shares in S.A. The First to Union Investment as part of an operation known as forward funding, in which the German real estate investment manager will finance the construction of the project that will be developed and delivered by Eaglestone in March 2023.