Through one of its partners, Bristlecone Real Estate (BRE) was appointed by the French government to work on the merger of the two companies managing La Défense business district (Epadesa and Defacto).
BRE’s assignment was to value both companies. Epadesa is the company in charge of managing and selling La Défense land to developers, whereas Defacto is in charge of managing the business district’s common areas (parks, pedestrian areas, etc.).
BRE’s work focused on running a model with cash flows enabling value assessments of both companies. It also provided an analysis of the development pipeline of La Défense business park.