Real estate in France

Clifford Chance

Clifford Chance’s enjoys an excellent reputation and continues to impress. The Paris team is retained by the largest French and international property funds to advise on the biggest French and pan-European transactions. Between 2019 and 2020, the firm has been involved in the majority of France’s most prominent deals, spanning office, tower, logistics, commercial and hotel assets. Alongside AEW, the practice advised on the sale of Towers W and PB6 both located in La Défense, and assisted Klépierre with its 10% equity investment is one of France’s largest shopping centres. The practice is also particularly well suited to handle large pan-European portfolio transactions, with a number of recent landmark deals under its belt. Finally, the team also assists clients with major financing and commercial leases transactions. Practice head François Bonteil, who also heads the firm’s global practice, and Alexandre Couturier are among the best in their field. They are supported by counsels Anne-Sophie PléKaren Bortolotti, Adeline Lefaucheur and David Gérard. Leading complementary tax expertise is also available.

Practice head(s):

François Bonteil; Alexandre Couturier

Other key lawyers:

Anne-Sophie Plé; Karten Bortolotti; Adeline Lefaucheur; David Gérard

Testimonials

‘Our satisfaction with the work of François Bonteil and Alexandre Lagarrigue is very high. I would like to particularly mention counsel David Gérard, who is very calm and particularly valuable and precise in the advice he gives.’

‘The pan-European capacity of the team as well as the effective coordination between partners and senior associates are undeniable strengths of Clifford Chance.’

‘Alexandre Couturier is available, efficient, a good negotiator and a good team leader.’

‘Excellent real estate team with incredible work power, able to meet deadlines as short as they may be. Great adaptability to clients’ needs and a dealmaker spirit during negotiations.’

Key clients

AEW Ciloger

Alderan

Allianz Real Estate

Amundi

Axa IM

Benson Elliott

Blackstone Real Estate

BNP Paribas REIM

Cale Street Partners

CDC Investissement Immobilier

Crédit Suisse Asset Management

Cromwell European REIT

Deutsche Bank

DWS

Fortress

Gecina

GIC

HSBC REIM

Icade

Ivanhoé Cambridge

Kering

Klépierre

La Française REM

Maple Knoll Capital

Partners Group

Patrizia

PGGM

Primonial REIM

Schroders

Swiss Life Asset Management

Union Investment Real Estate

Westbrook

Work highlights

  • Advised AEW, acting on behalf of a french institutional investor, on the sale to BauMont Real Estate Capital, acting on behalf of the sovereign fund GIC, of the PB6 Tower located in La Défense.
  • Advised AXA IM – Real Assets on the acquisition from the Logistis fund managed by AEW-Ciloger of a ca. 275,000 m² pan-European logistics portfolio.
  • Advising Partners Group and Arax Properties on the acquisition from Hines and acquisition financing of the Perspective Défense building.

De Pardieu Brocas Maffei

Thanks to a stellar reputation and a client base made up of the market's largest French and international investors and banks, De Pardieu Brocas Maffei has kept its large team busy all through 2020. The practice is retained to advise on the market’s largest asset and portfolio investment and financing deals, as well as on leading property M&A transactions, including those involving listed companies. As usual, the firm recently acted on many landmark transactions, spanning office, retail, residential and hotel assets. The team notably advised on several high-profile pan-European hotel portfolio transactions and assisted AccorInvest with the €1bn acquisition of a 85.8% stake in Orbis. In the office area, the practice advised Nexity and Engie on the sale of Engie’s future global head office, while on the financing side, the firm assisted the banking pool with the financing of the acquisition by a joint venture of a €2bn French shopping centres portfolio. Star partners  Emmanuel Fatôme and Paul Talbourdet co-head the practice. Other key figures in the team include  Pierre Gebarowski, who is a reference for real estate finance, tax partners Emmanuel Chauve and Alexandre Blestel, who are among the best in their field, financing partners Yannick Le Gall and Katia Belhiteche, and corporate and securities expert Nicolas Favre.

Practice head(s):

Emmanuel Fatôme; Paul Talbourdet

Other key lawyers:

Pierre Gebarowski; Yannick Le Gall; Katia Belhiteche; Nicolas Favre; Emmanuel Chauve; Alexandre Blestel

Testimonials

‘Very good team, competent, pragmatic and friendly. In my opinion, the best real estate team. They step into the shoes of their clients to understand the difficulties and challenges of the sector in order to provide the advice best suited to clients’ needs.’

‘Emmanuel Fatôme is an excellent lawyer, sophisticated in his analysis and pragmatic in the implementation of his advice. A real dealmaker.’

‘Nicolas Favre is an excellent lawyer and a fine technician providing very effective advice.’

‘Vincent Langenbach is a very promising young lawyer, available and committed.’

‘The team benefits from high-level expertise thanks to the quality of the partners and associates.’

‘Paul Talbourdet is the best real estate lawyer; he provides perspective on all the subjects and offers comfort to his client.’

‘The team is unique because it offers both the experience of very strong partners with the talent and motivation of associates.’

‘Emmanuel Fatôme is a great lawyer and an excellent negotiator. Emmanuel also know how to surround himself with very good associates.’

‘Knowledge of the market, of all the main stakeholders, of practices and innovations; sophistication and imagination. The top of the French market.’

Real estate and tax partners Pierre Gebarowski and Emmmanuel Chauve are totally essential in the business due to their experience, their agility and the quality of their execution. Anne Charlotte d’Hotelans demonstrates the essential qualities to become an essential partner.’

Key clients

AAREAL BANK AG

ACCOR INVEST

ALLIANZ

ALTAREA COGEDIM

AMUNDI IMMOBILIER

APSYS

AXA IM

BATIPART

BLACKSTONE

BNP PARIBAS

CARREFOUR / CARMILA

COVIVIO

CREDIT AGRICOLE GROUP (CA CIB, Predica…)

DEKA BANK

EMERIGE

GALIMMO

GECINA

GENERALI

GOODMAN

IN’LI

ING

NATIXIS

PGIM

SOCIETE GENERALE

TISHMAN SPEYER

Work highlights

  • Advising AccorInvest on the acquisition of 85.8% stake in Orbis from Accor for €1.06bn
  • Advising a group of lenders on the setting-up of ‘green-loan’ financing for the development of low-carbon campus project ‘Arboretum’.  
  • Advising Apollo Global Management LLC on the acquisition from Casino of a portfolio of 32 assets under the name Géant Casino, Monoprix and Casino Supermarchés

Gide Loyrette Nouel A.A.R.P.I.

Gide Loyrette Nouel A.A.R.P.I. is a powerhouse in the field; the firm's large team provides the full range of expertise to a highly prominent clientele. The practice excels at handling investment transactions and any other complex upscale off-plan or corporate real estate transactions. It was recently involved in many of the market’s landmark asset and portfolio deals, notably in the office and retail areas. The team also advised ICAWOOD on the launch of the very innovative Arboretum low-carbon offices and service premises campus project in Nanterre La Défense. In the hotel sector, the practice completed a major matter for key client Accor whom it assisted with the €1bn sale of its 85.5% stake in Orbis to AccorInvest, one among many of the client's strategic matters. Finally, the practice fields one of the market’s most renowned real estate finance expertise, often acting for banks on the structuring of the market’s largest financings. Frédéric Nouel directs  the strong practice which also includes: Stanislas DwernickiEric Martin-ImpératoriRenaud Baguenault de PuchesseBertrand OldraChristopher SzostakHugues MoreauJean-François LevraudNicolas Planchot and Constantin Miliotis, who made partner in early 2020. Kamel Ben SalahRémi Tabbagh and Laetitia Lemercier are among the best for high-end real estate finance work.

Practice head(s):

Frédéric Nouel

Other key lawyers:

Stanislas Dwernicki; Eric Martin-Impératori; Renault Baguenault de Puchesse; Bertrand Oldra; Christopher Szostak; Hugues Moreau; Jean-François Levraud; Nicolas Planchot; Constantin Miliotis; Kamel Ben Salah; Rémi Tabbagh; Laetitia Lemercier

Testimonials

‘The firm is very business-focused and always a source of solutions and proposals.’

Key clients

Accor

AEW Europe

Abu Dhabi Investment Authority

Allianz

Amundi Immobilier

Angelo Gordon

Ardian

Aviva Investors

Bouygues Immobilier

Brookfield

BNP REIM

Casino

Crédit Suisse

Hammerson

Icawood

Ivanhoé Cambridge

JP Morgan

KKR

Klépierre

Lonestar

Mercialys

Oxford Properties

Paref

Primonial REIM

Schroders REIM

Total SA

Unibail-Rodamco-Westfield

Union Invest

Woodeum

Work highlights

  • Advised ICAWOOD, WO2 and BNP Paribas Real Estate on the launch of the ‘Arboretum’ project.
  • Advised Unibail-Rodamco-Westfield on setting up a partnership of major French investors with a view to acquiring shares in the new joint venture of which the Consortium will own 54.2% and URW 45.8%.
  • Advised Accor on the sale of its 85.5% stake in Orbis to AccorInvest Group for €1.06bn. This sale will be implemented by way of a public tender offer.

Lacourte Raquin Tatar

The very impressive Lacourte Raquin Tatar has a large team that advises a stellar client base, including many leading French and Anglo-Saxon property investors and developers. The firm manages a substantial workload of outstanding matters, spanning investment, development and leasing transactions. Litigation, urban planning law, financing, fund formation and tax expertise are also available. The firm has recently advised on an impressive amount of top transactions. It helped with the negotiation of strategic partnerships and with the sale of many iconic or large office buildings, such as the sale of Engie’s future headquarters. In the area of property development, the firm is also involved in several landmark projects, for example in the Arboretum initiative, France’s first and largest wooden offices project. The leading team is headed by Jean-Jacques Raquin and includes  Emilie CapronCyrille BaillyDamien GrosseAlexis Le Lièpvre and Guillaume Jeannet. Urban planning law expert Vincent Guinot, real estate finance specialist Cédric Bonnet, property tax expert Jean-Yves Charriau and newly promoted partner Irène Cottaris all contribute.

Practice head(s):

Jean-Jacques Raquin

Other key lawyers:

Emilie Capron; Cyrille Bailly; Damien Grosse; Alexis Le Lièpvre; Guillaume Jeannet

Testimonials

“A very business-oriented team, able to move files forward and with pragmatic positions while ardently defending its clients’ interests.’

‘Guillaume Jeannet and his team are available, pragmatic and create a lot of value for their clients.’

‘The firm can rely on the skills of brilliant partners such as Jean-Jacques Raquin and Emilie Capron. Available, efficient and pugnacious team. An asset in complex operations requiring juggling between several skills in the real estate field. ’

‘With his experience, Jean-Jacques Raquin is business-oriented and masters his subject which makes him a pragmatic, effective and business facilitator. Very appreciated by both teams and counterparts, his intervention is of a real added value.’

‘Emilie Carpon is a business facilitator, a proactive and creative advisor. She knows how to defend the interests of her client while managing the business relationship.’

“Alexis Le Lièpvre and his team show availability and responsiveness.’

‘Exceptional quality of analysis and great competence both on corporate and on urban planning subjects. Excellent circulation of information within the team allowing a very good follow-up.’

‘Cyrille Bailly and Vincent Guinot: high relevance of advice, ultra availability and excellent responsiveness.’

‘The team, and in particular Cyrille Bailly, offers its clients a perfect mastery of the subjects of investment and real estate development as well as high availability and listening skills.’

‘Excellent team, responsive and involved. A business-oriented approach; they listen to the needs of their clients. Excellent advice, including on the underlying business issues.’

‘Guillaume Jeannet shows strong involvement and has excellent knowledge of all his files. He demonstrates availability and excellent knowledge of his clients’ issues.’

‘Strong partner engagement and innovative approach; go the extra mile; ability to think outside of the box. Solution-driven.’

‘Guillaume Jeannet: responsiveness, commitment, strong knowledge, solution-driven and always focused on anticipating the next step.’

‘Relationship of trust with clients. Great involvement and availability. Pragmatic approach to potentially complex cases. Significant expertise.’

‘Beyond the impeccable service and the great transparency, it is the little extra personal touch that makes the experience flawless.’

‘Very high reactivity and expertise. A solid asset for complex negotiations.’

‘Great availability of partners. High-level advice.’

Key clients

Woodeum

Amundi

Hines France

Oxford Properties

BNP Paribas

Groupe Lagardère

The Student Hotel

Groupama Immobilier

Poste Immo

Racing Arena

Gecina

Tikehau IM

Aermont Capital LLP

LaSalle Investment Management

JP Morgan AM

Unibail-Rodamco Westfield

Westbrook

Immochan

ARDIAN

Novaxia

Angelo Gordon

Tivoli Capital

CDC Habitat

EDF

Work highlights

  • Advised BNP Paribas Real Estate on launching of the Arboretum initiative, the largest project of wooden offices to be ever built in France.
  • Advised Groupama Immobilier on the signature of a BEFA and a CPI for the construction of The Link, future headquarters of Total in the financial district of Paris-La Défense.
  • Advised Gecina on a twelve-year lease of the L1ve building floor space by Boston Consulting Group.

Allen & Overy LLP

Allen & Overy LLP has a very strong domestic and global real estate platform. The team advises leading French and international investors on high-profile French and pan-European investment transactions. It possesses a strong set of high-level expertise covering investment, corporate, property finance, real estate tax and real estate fund formation, and covers the fulll range of real estate assets, including office, residential and logistic properties and facilities. The team has a strong appetite for complex transactions involving international components and recently advised on a high number of prominent investment transactions as well as on several major corporate deals involving top players in the field. It also worked on France’s first European Green CMBS financing transaction for client Goldman Sachs in the financing of the acquisition of office property River Ouest. Practice head Jean-Dominique Casalta is highly regarded. Also recommended are: Xavier Jancène, counsel Antoine Chatry, banking and finance partners Julien Roux and Caroline Delavet, who made partner in April 2020. Corporate partner Frédéric Jungels also contributes. Anne-Caroline Payelle was promoted to counsel in April 2020.

Practice head(s):

Jean-Dominique Casalta

Other key lawyers:

Xavier Jancène; Julien Roux; Caroline Delavet; Frédéric Jungels; Antoine Chatry

Key clients

Ivanhoé Cambridge – Caisse de Dépôt et de Placement du Québec

BNP Paribas

BNP Paribas REIM

Natixis

GECINA

King Street

Eurosic

Icade

Groupama Immobilier

Deutsche Bank

DWS Grundbesitz GmbH (Rreef Investment)

Tristan Capital Partners

PAREF Group

HSBC

Colony Capital

Schroders

State General Reserve Fund of Oman

Fortress Investment Group

CBRE Global Investors

H.I.G. Capital Inc.

Sogecap

Société Générale

Goldman Sachs

Morgan Stanley

ING

Unibail-Rodamco-Westfield

DRC Capital LLC

Acofi Gestion

LBBW

Corestate Capital

JP Morgan Asset Management

TwentyTwo Real Estate

PFA Pension

Atream

Groupe IDEC

Action Logement

Work highlights

  • Assisting Groupama on their development project of the Tour The Link which is to be the highest building in Paris La Défense.  
  • Advised BNP Paribas REIM as asset manager on the acquisition from Westbrook of a historical multi-use office and residential property in the heart of Paris.
  • Assisted HSBC France, Société Générale, Frankfurt Branch, Natixis and Natixis Pfandbriefbank AG on the refinancing of the acquisition of a portfolio of European logistics assets.

DLA Piper

DLA Piper’s large real estate team impresses with its comprehensive range of expertise. The practice advises on transactions pertaining to all kinds of assets; including office, retail and hospitality. It is particularly active in the logistics field where it regularly assists leading names on landmark French and pan-European assets and portfolio transactions. Recently, the practice was also busy advising on acquisitions, sales and refurbishment work spanning various assets, and assisted asset managers and companies with leasing negotiations. Property financing work is also handled. Antonia Raccat is highly recommended. Practice head Olivia Michaud, Erwan Lacheteau, global co-head of real estate Antoine Mercier and Myriam Mejdoubi are the other key names, with counsel Gabriel Dalarun also contributing. Lionel Rosenfeld joined sbkg & Associés in December 2019.

Practice head(s):

Olivia Michaud

Other key lawyers:

Antonia Raccat; Antoine Mercier; Myriam Mejdoubi; Erwan Lacheteau

Testimonials

‘Very solid and professional team.’

‘Great professionalism from Myriam Mejdoubi.’

‘The practice  is very well organised with specialists on all subjects.’

‘Me Myriam Mejdoubi is a particularly efficient person and it is always very pleasant to work with her because of her approach and her availability. She always tries to help and take the extra small step to find the right idea and therefore I highly recommend her.’

‘Excellent technical knowledge combined with a friendly and commercial team.’

‘Antoine Mercier, Myriam Medjoubi and Erwan Lacheteau are brilliant and competent people. In addition to their diligence, we appreciate their sympathy and availability. Finally, we can count on them to leverage on their international network in the event of acquisitions spanning several jurisdictions.’

Key clients

AERMONT (ex PW REAL ESTATE ASSETS)

AEROPORTS DE PARIS

aew

AG2R LA MONDIALE

AMUNDI

AXA REAL ASSETS IM

AXA REIM

AVIVA

Barings European Core Property Fund GP S.à r.l.

Bayerische Landesbank

THE BLACKSTONE GROUP INTERNATIONAL PARTNERS

brookfield

CAPGEMINI

CARLYLE

CBRE GLOBAL INVESTORS

CEGEREAL

Deutsche Pfandbriefbank

EUROSIC

GAZELEY

GENERALI REAL ESTATE

GIM

HARBERT MANAGEMENT CORPORATION

HARRISON STREET

HILTON

icade

IVANHOE CAMBRIDGE

KKR

MEYER BERGMAN

m7

NORGES BANK

northwood

OMNAM GROUP

PREDICA

PRIMONIAL

PROLOGIS

SCHROEDERS

Société Générale

SOGELYM DIXENCE

TELECITYGROUP

UNIBAIL-RODAMCO

WEINBERG CAPITAL

WEWORK

WOODEUM

Work highlights

  • Assisting with the acquisition of a 10,000 square-metre asset for the flagship store of NIKE, and assisting with the rehabilitation works and negotiation with different tenants, Nike and Elysées Biarritz.
  • Assisting Blackstone with the acquisition of a portfolio of ten logistics/warehouse assets representing 360,000 sqm from Patrizia in an off-market transaction.
  • Advising Northwood on a structured interest rate hedging ISDA agreement in relation to a €205m senior and mezzanine mortgage refinancing for the refinancing of the Defense Plaza office building.

Fairway A.A.R.P.I.

Fairway A.A.R.P.I. is France’s leading real estate boutique. The firm houses a very large team, able to provide full-service real estate expertise, spanning real estate transactions, asset management, property finance, land development and construction, as well as property finance and tax. In addition, ancillary practices such as environment, litigation and urban planning are also available. The firm acts for a prominent and diverse client base, made up of many leading investors, developers, owners and large companies and deals with work pertaining to any type of logistic, commercial, office or residential asset. Recently, the practice advised on several headline transactions, including a landmark transaction in the retail area, as well as on several large logistic, residential and hotel portfolio deals. It also assisted a key client with leasing negotiations over large warehouse surfaces. The real estate practice is co-headed by the highly experienced Frédéric Lefébure and Aubry D’Argenlieu together with Emmanuel Cazin and the up-and-coming duo Neslihan Gabriel-Denizkurdu and Franck Denis. Other key members include David Franco, the head of the property finance practice, corporate practice head Pierre-Emmanuel Fonteilles, and tax practice head Emmanuel GaliferCloé Teisson, Cécile Peyronnet and Sébastien Sehili-Franceschini made counsel in January 2020. Counsel Nicolas Aynès, who joined from LPA-CGR avocats in June 2020, receives praises for his high-level litigation expertise.  

Practice head(s):

Frédéric Lefébure; Aubry d’Argenlieu; Emmanuel Cazin; Neslihan Gabriel Denizkurdu; Franck Denis

Other key lawyers:

David Franco; Pierre-Emmanuel Fonteilles; Emmanuel Galifer

Testimonials

 ‘Excellent real estate practice.’

‘Agile and independent.’

‘Fairway combines leading law firm expertise with the proximity of smaller firms. The lawyers are very practical advisers. They are responsive, skilled, available and creative. They quickly grasp complex issues and always come up with adapted solutions.’

‘Aubry d’Argenlieu masters all the aspects of the practice. He is a fine negotiator and has wonderful interpersonal skills. He makes issues sound simple which makes clients feel confident.’

‘Frédéric Lefébure provides very high-quality services. His notary background makes him a particularly wise adviser.’

‘Franck Denis is business-oriented, shows a great mastery of issues and is practical and efficient. His contribution brings real added value.’

‘Neslihan Gabriel Denizkurdu is a great professional, very smart and available.’

‘Nicolas Aynès is excellent at dealing with commercial litigation. He is thorough and shows fine analysis skills.’

Key clients

ALDI

AXA IM

PRIMONIAL REIM

GENERALI REAL ESTATE

BROOKFIELD

CARLYLE

GRAND M GROUP

DOMITYS

ARES MANAGEMENT

BENSON ELIOTT

ACOFI

MATA CAPITAL

PSA

KORIAN

HIG CAPITAL SOGARIS

SCOR

TIKEHAU

LA FRANCAISE AM

LA FRANCAISE REAL ESTATE PARTNERS

HELABA

PITCH PRMOTION

SOGARIS

NEXITY

INVESCO

DENTRESANGLE INITIATIVES

JC DECAUX

VINCI

Work highlights

  • Assisted Primonial REIM with the acquisition from Covivio of two hotel portfolios operated by B&B, a French hotel group, following two successive transactions with hotel operator B&B and other investors.
  • Advised Brookfield on the financing of the development of three student housings to be operated by the Grand M Group under the brand ‘ECLA’, involving three independent financings.
  • Advised Helaba and Scor on the financing of the acquisition, in future state of completion, of an office property in Saint Denis near Paris.

LPA-CGR avocats

LPA-CGR avocats has a long-established reputation and an veritable army of lawyers able to respond to any clients’ need in the field. With its strong  German-French capabilities, the team is well suited to work for leading German banks and investors, often in financing matters. The firm runs a busy investment practice which advises on large asset and portfolio transactions, spanning office, retail and logistic assets. Its extensive experience and large resources also win the firm mandates on high-profile matters, including complex real estate partnerships. For instance, the practice assisted Groupe Casino with the €735m sale of 567 Leader Price stores and warehouses in France. The practice also has a strong commercial lease and property development know-how, having acted for a number of luxury good brands among others. Silke Nadolni is in charge. Also recommended are François-Régis Fabre-FalretFlorence DefradasSidonie Fraîche-Dupeyrat, commercial lease expert Géraldine Piedelièvre, property finance partners Chloé Thiéblemont and Alexae Fournier-de-Faÿ, as well as Hélène Cloëz for high-level urban planning law issues, Aurélie Dauger for development and litigation work, and tax partner Sandra Fernandes. Corporate partner Frédéric Bailly also contributes.

Practice head(s):

Silke Nadolni

Other key lawyers:

François-Régis Fabre-Falret; Florence Defradas; Sidonie Fraiche-Dupeyrat; Géraldine Pedelièvre; Chloé Thiéblemont; Alexae Fournier de Faÿ; Hélène Cloëz; Aurélie Dauger; Sandra Fernandes

Testimonials

‘Sidonie Fraîche-Dupeyrat has intimate knowledge of the housing sector; Frédéric Bailly demonstrates good creativity in terms of structuring work.’

‘The firm has in-depth expertise in housing and is able to cover all aspects of real estate law (leases, litigation, transaction).’

‘Sidonie Fraîche-Dupeyrat is available and responsive, extremely calm, didactic and clear. She quickly understands the constraints of her client and defends its interests extremely well while being proactive in negotiations. She has surrounded herself with a very efficient team and knows how to work with other firms  in perfect cooperation. She adapts to the needs and constraints of her clients.’

‘Responsiveness, professionalism and pragmatism.’

‘Very young and dynamic team, very competent and very complementary in its service offer. Very business-oriented, and a recognised leader in certain fields, such as real estate financing with Alexae Fournier de Faÿ.’

‘Alexae Fournier de Faÿ is an excellent lawyer; she knows her files perfectly, never gives up even on very complex cases and is business-oriented.’

‘Héléne Cloez is excellent on urban planning litigation and issues related to planning authorisations.’

‘High availability and good team spirit.’

‘Strong interpersonal skills and professionalism.’

‘Excellent technical expertise in tenancy law and town planning.’

‘A very available and committed team.’

‘They are passionate about their profession.’

‘A multidisciplinary real estate team, combining the advantages of a one-stop-shop with those of a law firm boutique.’

‘In-depth knowledge not only of legal matters, but also of the market which makes them real business partners.’

‘They are multilingual and also qualified in both French and German jurisdictions, an ideal set up for cross-border transactions.’

‘Silke Nadolni is a pragmatic and flexible lawyer. Her multijurisdictional qualification certainly helps to understand clients and their needs investing from abroad into the French market.’

Key clients

ABERDEEN STANDARD INVESTMENTS

AG2R LA MONDIALE

AXA INVESTMENT MANAGERS REAL ASSETS

BARINGS REAL ESTATE

CEETRUS

CREDIT SUISSE

DEKA IMMOBILIEN

ELSAN

GENERALI REAL ESTATE

GINKGO

GROUPAMA IMMOBILIER

MATA CAPITAL

IMMOBEL

PRIMONIAL REIM

RAIFFEISEN

UBS

UFF (AVIVA GROUP)

WESTBROOK

Work highlights

  • Advising Groupe Casino on its signing of an agreement with Aldi France regarding the sale of 567 Leader Price stores and warehouses in France for €735m.
  • Advising Aareal Bank AG on the financing of the acquisition by Groupe La Française and a South Korean investor of a €691m office building named ‘Crystal Park’ located in Neuilly-sur-Seine.
  • Assisted Mata Capital with the delivery of a 3,045 sq.m commercial area to Babou at La Sentinelle near Valenciennes.

Archers A.A.R.P.I.

Archers A.A.R.P.I. combines high-level investment and property finance expertise. In the latter area, duo Jean-Maurice Gaillard and Paul-Henri de Cabissole  is among the finest in town. The practice is appointed by banks, debt funds and investment funds to advise on the structuring of the market’s largest property finance transactions. In 2020, it notably advised on the financing of France’s largest-ever residential asset deal and worked on a series of large financing deals in the office and retail areas. Third key team member Arnaud Moutet advises on major real estate investment transactions. He was recently busy advising leading property investors on major transactions in the office, retail and hospitality sectors.

Practice head(s):

Arnaud Moutet; Avi Amselem

Other key lawyers:

Jean-Maurice Gaillard; Arnaud Moutet

Key clients

Union Investment

Qatar Investment Authority (QIA)

Invesco

La Française AM

AEW CILOGER

Colony Capital

Primonial

Commerz Real

Generale Continentale Investments

Principal Real Estate

ARES

Work highlights

  • Advised ARES on the acquisition of an office building ‘Tour W’ located in La Défense totalling c. 38,000 sqm.
  • Advised Primonial on the acquisition from GECINA of a 30,000m² real estate property named ‘Le Valmy’ located 4/16 avenue Léon Gaumont in Paris for  €216m.
  • Advised Primonial on the acquisition from Covivio of a 21,000m² real estate property named ‘Green Corner’ located in Saint-Denis for €170m.
  • Advised Benson Elliot and Générale Continentale Investissements on the renting and the sale to Credit Suisse of a 13,000m² real estate property named ‘Inspira’ located in Issy-les-Moulineaux.

Ashurst LLP

Ashurst LLP's very experienced team advises all types of stakeholders, including leading international investors and developers, asset managers, rental companies and banks. The practice is regularly involved in large investment, development and financing transactions in relation to office and logistic assets, for example in financings for La Défense office tower acquisitions. The practice also completed major leasing negotiations, including the off-plan signing of Goldman Sachs’ future Paris headquarters and the lease renewal of EDF's headquarters in La Défense. Philippe NonePatrick Gerry and property finance expert Hassan Javanshir are in charge. The firm also owns a stake in a notary office. David Noblinski made counsel in November 2020.

Practice head(s):

Philippe None; Patrick Gerry; Hassan Javanshir

Testimonials

The team has varied expertise in the real estate sector, and is professional and responsive.’

‘They know how to find solutions rather than problems in a transaction.’

‘The Ashurst team and in particular Philippe None are very available, experienced and commercial in the handling of technical files and situations involving complex commercial real estate negotiations.’

‘Philippe None has remarkable experience in investment and property management work. He provides excellent advice.’

‘Very good negotiators.’

Key clients

SEDCO

P3Parks

Gazeley

Valor Rep

M7

Omnes Capital

EQT

Cromwell Property Group

Victoria Asset Management (Oaktree)

EDF

Société Foncière Lyonnaise

Work highlights

  • Advised Valesco on the acquisition of Tour des Finances in Brussels, representing the largest single asset acquisition in mainland Europe in recent years.
  • Advised Allianz Real Estate and AEW on the acquisition of a logistics portfolio.
  • Advised Société Foncière Lyonnaise on the signing of a lease in future state of completion with Goldman Sachs for its Paris headquarters.

Baker McKenzie

Baker McKenzie's extensive client base consists of many leading French and international players, including investors, asset managers, banks, hotels and corporations. The team, which also benefits from complementary tax support, handles the full range of real estate work: investment, financing, leasing, property development and refurbishment projects. With La Salle as a key client, the practice is very experienced in office and logistics assets, but the group was recently also particularly busy in commercial and hospitality asset refurbishment projects and assisted a leading luxury goods brand with the negotiation of a strategic lease. It also assisted a number of major real estate funds with negotiating credit facilities. Practice head Marc Mariani is well known in the field. Also recommended are key members Hervé Jégou and Pierre-Marie Ouchet. Eva Leygonie, counsels Maria Batlouni and Fabrice Varandas and tax partner Virginie Louvigné also contribute.

Practice head(s):

Marc Mariani

Other key lawyers:

Hervé Jégou; Pierre-Marie Ouchet

Testimonials

‘Very involved team, very attentive to its client with the desire to find solutions.’

‘The team is made up of extremely competent professionals with significant experience. It is headed by the brilliant and inspiring Marc Mariani.’

‘Marc Mariani is brilliant. Eva Leygonie and Pierre-Marie Ouchet have great expertise in financing. Virginie Louvigné and Romain Marroux are excellent tax professionals and very involved. Fabrice Varandas shows great professionalism and extreme care for the client.’

‘Beyond technical skills, the real estate team is very friendly, has a personal touch and is easy to approach. It is a pleasure to work with this team in which ego is not the main engine.’

‘Very good analysis of files; careful and rigorous work; great availability. Very good lawyers.’

‘The team team knows how to deal with a wide variety of real estate issues.’

‘Pierre-Marie Ouchet has very good interpersonal skills and  is very methodical; he has the art of making a complicated deal simple. Fabrice Varanda works with the same rigour and state of mind.’

Key clients

AEW

BNP Paribas REIM

CDC Investissement Immobilier

Generali Real Estate

Invesco

Kering Group

King Street

LaSalle Investment Management

Lidl

NH Investment

Poste Immo

Scaprim

Société Foncière Lyonnaise (SFL)

SOGECAP

ORPEA

Groupama Gan REIM

Work highlights

  • Advising Poste Immo on the structuring, setting up and negotiation of the sale and refurbishment of the Palais du Commerce in Rennes and various joint ventures with Frey.
  • Advised LaSalle Investment Management on various transactions, including acquisitions and lease agreements.
  • Acted for Scaprim in its role as asset manager of the Coeur Défense building complex.

CMS

CMS 'main strength resides in its comprehensive practice, covering both public and private law real estate issues. The core practice can rely on in-house financing, tax and fund formation expertise as well as on the firm’s international network. The growing practice has a prominent client base of French, German and international investors and developers, and shoulders a particularly busy caseload in real estate investment matters such as major office and hotel asset and portfolio transactions. Benjamin Bill is the key name for the above. In addition, the firm also has strong development, town planning and asset management capabilities, and a strong know-how in the hospitality sector. It is notably working on the restructuring of the iconic Palm Beach Hotel in Cannes and recently experienced high demand for litigation assistance. Florence ChérelAline Divo, Philippe Riglet and Céline Cloche-Dubois, who made partner in 2020, are recommended for development and commercial lease work. In 2020 Pierre Popesco left to join Bryan Cave Leighton Paisner LLP and Jean-Luc Tixier left to return to his original notary profession.

Practice head(s):

Benjamin Bill; Florence Chérel; Céline Cloché-Dubois; Aline Divo; Philippe Riglet

Testimonials

Multidisciplinary team with a good knowledge of market players and practices.’

‘Benjamin Bill is extremely dedicated to his clients and able to mobilise multidisciplinary teams on complex cross-border deals. He has a non-aggressive personality that allows peaceful negotiations.’

‘Florence Chérel has rare expertise in town planning and a very empathetic personality combined with solid experience. She provides very good advice that helps to secure transactions.’

‘Counsel Géraldine Machinet has extensive knowledge of the real estate sector, from construction to leases, including share deals.’

‘The firm showed high availability and flexibility.’

‘Competence and intelligence.Iinstead of saying: ‘It’s impossible’, they are proactive.’

‘Advice is very professional, responses are quick and the work is done as a team. It’s a pleasure to work with them.’

‘Innovation and pragmatism. Very business-oriented’

‘A very complementary team.’

‘Aline Divo and Philippe Riglet are both excellent technicians and fine negotiators. Aline Divo demonstrates a particularly open approach to issues. An iron fist in a velvet glove, Philippe Riglet has a deep knowledge of his areas of intervention.’

‘The team has very specific expertise. Very good organisation which allows responsiveness to client requests and complete legal certainty.’

‘Very high adaptability, quick understanding of clients’ needs.’

‘Good sense of business and very good knowledge of the industry.’

‘ High level of technique and a very wide scope of interventions (commercial leases, construction, town planning, environment). This allows to have all the combined expertise and to have a coherent overall vision. Few firms offer the same level of expertise in advice and litigation.’

‘Aline Divo’s technical expertise and situational intelligence make her an outstanding negotiator in commercial leases. It is a pleasure to work with her and her responsive and dynamic team.’

Key clients

Amundi Real Estate

BNP Paribas REIM

Crédit Suisse

Deka Immobilien

UBS Real Estate

Eiffage

Axa Real Estate

Savills Investment Manager

Pierre & Vacances

Belambra

Generali

Hilton

Union Investment

Google

Bouygues

Aviva

Work highlights

  • Advised Amundi Real Estate on the acquisition of 38 properties in the city centre of Lyon for €700m from Adia.
  • Advised Crédit Suisse on the structuring, the financing and acquisition of an office building located in Montrouge from Commerz Real.
  • Advising Boston Consulting Group on the negotiation of the commercial lease on a future state of completion regarding the premises L1ve, located at 75 avenue de la Grande Armée.

Dechert LLP

Headed by the highly regarded Privat VigandDechert LLP’s team focuses at advising leading banks on high-end property financing work. The practice routinely advises on the market’s largest and most complex financing transactions and its good knowledge of private equity transactions is a clear plus. It was recently involved in a series of high-profile deals, especially in the Parisian office sector, but also in new residential, commercial and office mixed property development projects. Associate Guénaëlle Taroni also deserves a mention.

Practice head(s):

Privat Vigand

Other key lawyers:

Guénaëlle Taroni

Testimonials

‘The team is very technical, but knows how to show pragmatism and provide the necessary insights during discussions so that we can make the right decisions. They are always very available and very constructive in negotiations with our counterparties. The documents produced are of high quality.’

‘Privat Vigand is a very high-quality partner. He is always very precise, very constructive in negotiations and always makes sure to have our needs covered, including points that we had not necessarily thought of. Beyond his technical skills, I have acquired great confidence due to his undeniable human qualities.’

‘Dechert has a very agile, available and very professional team that fully understands the real estate (legal and tax) and corporate issues associated with them. It is a small team compared to other firms, but with solid experience and an excellent track record.’

‘Privat Vigand and his team have excellent professional and personal qualities, facilitate exchanges and know how to show pragmatism.’

Key clients

Crédit Agricole Corporate and Investment Bank

SCOR Investment

Natixis

Work highlights

  • Advised Credit Agricole CIB on the sustainable financing of The Student Hotel’s acquisition of two new turnkey development and renovation projects located in Paris and Toulouse.
  • Advised SCOR Investment Partners on mezzanine financing in connection with the acquisition and the refurbishment of Belval Plaza shopping mall in Luxembourg.
  • Advised Natixis in connection with the setting up of the financing for the acquisition of Center Parcs De Eemhof in the Netherlands by Atream for €170m.

Dentons

Dentons’ practice covers the full range of property work. Practice head Pascal Schmitz and his team advise international funds on investment transactions, including recent transactions involving office, retail and hotel assets. Véronique Lagarde focuses on property development work. She has recently advised on several large-scale logistic assets projects; such as assisting investor and landlord Argan with the negotiation of built-to-suite lease agreements. Third key member Maxime Simonnet also advises on property lease and development matters. Counsel Audrey Arnaut-Lacombe, tax experts Gianluca Calisti and of counsel Jérôme Le Berre, and banking and finance expert Jean-Marc Allix also contribute.

Practice head(s):

Pascal Schmitz

Other key lawyers:

Véronique Lagarde; Maxime Simonnet

Testimonials

‘Dentons provides a high level of service and very important support in big deals.’

‘We appreciate their knowledge and skill  in real estate business, their accuracy and responsiveness.’

‘Me Véronique Lagarde is very skilled and experienced in real estate. We particularly appreciate her responsiveness, her skills in setting up real estate deals and her support in negotiations/closings.’

‘We think that Dentons is the most efficient of our partners,  given their multidisciplinary team and their experienced lawyers. Their acumen as dealmakers is highly appreciated.  The value for money factor is also very important for us.’

‘Very responsive and precise; excellent understanding of client’s needs and of its environment; highly available and high listening skills.’

Key clients

INVESTORS:

ALTAREA COGEDIM

ARGAN

Aventicum Real Estate

BNP PARIBAS REIM FRANCE

Cromwell Property Group

DEKA IMMOBILIEN

GECINA

GLP (formerly GAZELEY)

LRC

MARATHON CAPITAL

OAKTREE CAPITAL

ORION CAPITAL PARTNERS

REDEVCO

REVCAP

SCANNELL PROPERTIES

STAM EUROPE

STARWOOD CAPITAL

UNIBAIL-RODAMCO-WESTFIELD

VECTURA

DEVELOPERS

BOUYGUES IMMOBILIER

GA PROMOTION

NEXITY

OWNERS / END USERS

AUTOMATIC DATA PROCESSING

AVIS BUDGET GROUP / AVIS LOCATION DE VOITURES

BIC

DANONE

EDF

ENEDIS

FAURECIA

INDIGO

Michel & Augustin

NOVARTIS

Phoenix Tower International

RTE (RESEAU DE TRANSPORT D’ELECTRICITE)

SAINT-GOBAIN

UBISOFT

WAVESTONE

HOTEL OWNERS

GRAND CASE BEACH CLUB

DEDICA HOTEL

MAYBOURNE HOTEL GROUP

SYCAMORE HOTEL

GRAND CASE BEACH CLUB HOTEL

Work highlights

  • Advising on all tax aspects of the structuring and acquisition of the River Ouest property, worth approximately €340m.
  • Advising on the signing of an off-plan commercial lease for office space in Clichy, opposite the Paris Court of Justice.
  • Advising Argan, a French REIT, in connection with the development of a 180,000sqm logistic warehouse on the former Frescaty military base near Metz.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP’s core team offers strong transactional and investment expertise. The practice advises on prominent transactions, spanning asset investment, joint-venture, real estate private equity and fund formation work. It was recently involved in several significant transactions pertaining to logistic, office and hotel assets for both new and existing clients. The excellent asset management practice is retained by leading luxury brands and asset managers for their key transactions. Finally, the team has also strong property development project know-how, sought after for new real estate projects as part of the landmark Grand Paris urban renovation and development project. David Lacaze directs the practice. Also recommended are Anne Petitjean, who is particularly noted for her strong property development expertise, of counsel Isabelle Augais and associate Maël Le Cardinal.

Practice head(s):

David Lacaze

Other key lawyers:

Anne Petitjean; Isabelle Augais

Testimonials

David Lacaze and his team approach all of our cases with rare finesse and relevance. They got to know us and understand with great efficiency all our legal and business issues. Their work is remarkable. The success of our last operations was made possible thanks to the quality of the advice of Me Lacaze and his team.’

‘Smart and relevant analyses, great apprehension of future difficulties, availability and efficiency. It is rare to find all of these qualities in one person such as David Lacaze. His team works with the same efficiency in a tight-knit way.’

‘Anne Petitjean and associate Maël Le Cardinal are two exceptional lawyers. Anne offers a very appreciable pragmatic approach. She knows how to explain risks associated with a particular situation in order to allow good decision-making. Anne also has incredible experience on complex cases and her contribution is invaluable.’

‘Anne Petitjean demonstrates an incredible mix of rigour and pragmatism. She is an invaluable asset for a client. Maël Le Cardinal is noted for his calm and rigour in all circumstances. A trusted lawyer to follow.’

‘A remarkable lawyer, Me Anne Petitjean is available and patient, has high-level legal skills and business experience and is a dealmaker.’

‘Great availability of David Lacaze. Excellent workmanship.’

‘The team stands out for its expertise in town planning and construction law and its exceptional knowledge of the issues encountered. Few other firms have such expertise in this area. Their strength is that the partner is very present on files.’

‘Anne Petitjean is an expert in the field of town planning and construction, she delivers sharp analyses while demonstrating extreme pedagogy. Her analyses are always pragmatic and her advice is the best possible.’

‘Their in-depth knowledge of national and international transactions makes them essential.’

‘Anne Petitjean is involved in town planning and development. We do not contemplate doing a real estate development project without her support.’

‘Exceptional availability and proximity to the customer.’

‘Maître David Lacaze is a very remarkable lawyer in the real estate sector.’

‘Great professionalism.’

‘Maitre Anne Petitjean shows great availability and responsiveness on files. Her interpersonal skills are also an asset and she is keen to share her real estate experience.’

Key clients

Amundi Immobilier

BNP Paribas Real Estate

Burberry

Christian Dior

COFFIM

Deutsche Bank

Eternam

Extendam

Générale Continentale Investissements

GLP

Gramercy

La Française Group

Nexity

Société Générale

Sofidy

Tikehau Capital

Victoires Haussmann sgp

Work highlights

  • Advised Clarion Gramercy on multiple transactions, including the acquisitions of two 70,000sqm logistics properties in Douai and Paris under a VEFA and their financing under English law.
  • Advised Générale Continentale Investissements (GCI) on the off-plan joint venture acquisition of Blue Bird from Kaufman & Broad, Idevi and Palladio Promotion.
  • Advises Société Générale on the sale and lease-back of an office building with 10,600sqm located 50, rue d’Anjou in Paris.

Jones Day

Jones Day ’s core real estate team advises an extensive client base that consists of many leading French and international property investors. The practice advises on small to large property asset and portfolio transactions, spanning office, logistic, retail, residential and hotel assets. Acting alongside the London office, the team is also regularly involved in cross-border transactions. It recently advised La Française Real Estate Managers on the landmark acquisition of the Crystal Park office. Practice head Erwan Le Douce-Bercot and of counsel Carol Khoury are the two key members.

Practice head(s):

Erwan Le Douce-Bercot

Other key lawyers:

Carol Khoury

Testimonials

‘Smart with a great knowledge of the industry.’

‘Intelligence, solution-oriented, dedicated to assist and available.’

‘Great team of professionals covering different legal aspects and offering full client support.’

‘High reactivity, competence and availability.’

‘Strong team with in depth knowledge.’

‘Responsive to queries, effective negotiators and holistic knowledge of the sector.’

Erwan Le Douce-Bercot’s work is always reliable and helpful. He is easy to reach and gets back to us in time.’

‘Availability, engagement.’

‘Erwan Le Douce-Bercot and team show professionalism, availability and commercial focus.’

‘Quick answers, strong availability of the teams, strong precision in the legal analysis provided.’

‘The team is very reactive, deal-focused and a real partner in negotiations.’

‘Erwan Le Douce-Bercot and Flavia Poujade are very good.’

‘The team we work with is always available. Carol Khoury has done exemplary work.’

‘The high expertise of Erwan Le Douce-Bercot has a strong team on top of his own expertise. He is highly dedicated and does not hesitate to think out of the box to help his client to take rightly assessed risks thanks to a high-level analysis.’

‘Erwan Le Douce-Bercot has strong expertise in real estate; from leases to development to sophisticated contracts. He also has an excellent litigation practice.’

Key clients

La Française REP

CBRE Global Investment Partners Fund

Unibail-Rodamco

AGC Equity Partners

Catalyst Capital France SAS, et al.

Work highlights

  • Advised La Française Real Estate Managers on the acquisition of a Paris real estate complex for office use from Batipart, Covea and the ACM.
  • Advised La Francaise Real Estate Managers on the acquisition and related financing of the 44,000sqm Crystal Park office property in Neuilly-sur-Seine for €691m.  
  • Advised CBRE Global Investment Partners on its 25% acquisition of the interests in CHOP valued at approximately €625m from TIAA-CREF advised by Nuveen Real Estate.

King & Spalding LLP

Headed by Guillaume AubatierKing & Spalding LLP ’s team assists leading French and international investors and developers. The team runs a busy practice in the asset investment field, spanning major office and logistic assets, with a number of recent large investment transactions and large surface office leasing negotiations in the caseload. The practice assists major retailers with leasing issues, including handling litigation linked to the Covid-19 outbreak. Key members also include counsel Dorian Scemama and associate Malvina Dahan. Tax partner Aurélia de Viry and property finance expert Anne Vrignaud also contribute. The firm has concluded a partnership with a notary firm (DNA Notaires) which nicely completes its range of services.

Practice head(s):

Guillaume Aubatier

Other key lawyers:

Dorian Scemama; Malvina Dahan

Testimonials

Excellent; swift to respond; very knowledgeable; very client service-driven; good value for money.’

‘Responsive and practical.’

‘Guillaume Aubatier and Malvina Dahan are great professionals and always committed to clients.’

‘A dynamic and practical team which shows strong listening skills and knows how to adapt to clients’ needs and anticipate them.’

Key clients

CNP Assurances

La Française Real Estate Partners

AEW

M&G Real Estate

Segro Plc

WeWork

Deka Immobilien GmbH

Diderot Real Estate

Novaxia

Banque Mirabaud

Foncière des Andes SPPICAV

DTZ Investors

Alex Gambal Group

University of Chicago

Banque Pictet

Inmark

Scaprim

Accuracy

BT Immo

Constructa Asset Management

Ingka Investment

Ikea

Clemium

Futura Fund P.l.c.

Hugo Boss

6ème Sens Immobilier

Mileway/The Blackstone Group

Paref Asset Management

Paris Society

Estée Lauder

Work highlights

  • Advised BT Immo on the setting up of a complex 51/49 joint venture with a Canadian real estate private equity fund aimed at acquiring, developing, letting and selling Class A logistics assets.
  • Advised Ingka Investement/IKEA on the acquisition of a property located rue de Rivoli in Paris from Invesco to develop the new concept of IKEA city centre store.
  • Advised 6ème Sens Immobilier on the disposal  of an office property to to Ardian Real Estate to be redeveloped located rue du Temple in Paris.

Linklaters

Linklaters managed to keep a high-level of activity throughout 2020 by advising on a high number of top Parisian office asset transactions. Headed by the renowned Françoise Maigrot,  the core property team assists a prominent client base made up of French and anglophone investors. It notably completed several large transactions for key client Ardian, including the sale of the Europa building. The practice also regularly handles deals in the logistic sector.

Practice head(s):

Françoise Maigrot

Testimonials

‘Françoise Maigrot is one of the best lawyers in the market, having participated in an incredible number of major transactions in all areas of real estate.’

‘Very friendly team; quick to handle any type of request and business practice.’

‘Always available.’

Key clients

ARDIAN Real Estate

Balzac Asset Management

IREEF (Invesco Real Estate fund)

JR AMC

BMO Real Estate Partners

SOGECAP

Ramsbury

Northwood Investors

Shurgard

SEDCO

Digital Realty

Zurich Insurance Plc

Goodman

HSBC SA

EPF

Mandarin Oriental

CeGereal

AXA IM

Neovia

Round Hill Capital

BNP Paribas Real Estate Investment Management

Work highlights

  • Advised the entity held jointly by Ardian Real Estate and a client under management by LIM on the sale of SCI Westridge.
  • Advising Ardian Real Estate on the acquisition of a mixed-use property located in Paris, 14 rue des Pyramides et 13 rue d’Argenteuil, to be fully refurbished.
  • Advised Invesco Real Estate acting on behalf of BNP Paribas Invest on the sale of the property located 144 rue de Rivoli Paris to IKEA.

Mayer Brown

Mayer Brown kept its practice busy throughout 2020 thanks to its strong presence in prime office and logistic assets matters. The practice, which can rely on complementary tax and corporate expertise, counts high-profile French and international investors among its clients and recently added a top French property fund to its portfolio. It is regularly involved in major asset, joint venture and sale and lease-back transactions. The hospitality sector is another key area of the team with matters coming from top industry players such as Westmont Hospitality Group. Practice co-heads Alexandre Poupard and Erwan Heurtel are highly recommended. Tax expert Olivier Parawan also highly contributes. Déborah Gelblat, who made partner in January 2020,  also deserves a mention.

Practice head(s):

Alexandre Poupard; Erwan Heurtel

Other key lawyers:

Déborah Gelblat

Key clients

Altarea Cogedim

BentallGreenOak

Balzac REIM

BC Partners Real Estate

BNP Paribas Real Estate Investment Management

Europa Capital

GLL Real Estate Partners

Heitman

Ivanohé Cambridge Europe

LaSalle Investment Management

Lone Star

Oaktree Capital

Savills Investment Management

Westmont Hospitality Group

Work highlights

  • Advised BentallGreenOak on matters of French law arising from the sale to Patrizia AG of a pan-European logistics assets portfolio comprising 42 properties for a portfolio value of €1.2bn.
  • Advised Europa Capital and Balzac Real Estate Investment Management in connection with the sale to one of the funds of Primonial REIM of the eight-storey office building ‘Semaphore’.
  • Advised a foreign investor and Balzac Real Estate Investment Management in connection with the acquisition of an office building located 79-81 boulevard Haussmann in Paris.

Paul Hastings LLP

Paul Hastings LLP offers a compact team that acts for leading French and international investors. The practice is often appointed to assist with very large asset and portfolio transactions, often pertaining to office buildings. It recently advised on several major Parisian office building acquisitions and on a landmark tower acquisition in La Défense. The team is also assisting with several industrial and tourism development projects in addition to handling some financing work. Practice head Jean-Louis Martin is well known in the field. Associate Quentin Jobard provides key support.

Practice head(s):

Jean-Louis Martin

Other key lawyers:

Quentin Jobard

Key clients

3M France

Abercrombie & Fitch

André Balazs Properties

Swiss Life REIM

Bank of America Merrill Lynch

Hardstone

CDC

Constructa

Dell

Eurazeo Patrimoine

Hardstone

Hollister

Infrared

Tishman Speyer Properties

Virtuo Industrial Property

Starwood Capital

Fortress

Foncière Vesta

JPMorgan

Predica

CNP

citizenM

Work highlights

  • Advised Tishman Speyer Properties on the sale of a brand new 24,400sqm office building in Porte de Vanves, Paris, to Primonial.
  • Advised Fortress Capital on its €100m acquisition of the Paris office building, Albert 1er, from Eiffage.
  • Advised Swiss Life REIM on its €1.5bn acquisition of 80 per cent of Foncière Vesta, in a joint venture with CDC and Germany-based investor, Vonovia.

Racine

Racine scores with its comprehensive range of expertise. Recently, the firm received instructions from key clients, including major asset managers, developers and renters companies, to assist with significant rent and construction issues linked to the Covid-19 outbreak. In parallel, the practice advised key clients on investment transactions pertaining to major office, data and logistic assets.  The group also regularly advises on leasing, construction and related litigation, and is well known for advising prestigious luxury brands on landmark leasing and construction work. Nicolas Boytchev and Carol Santoni co-head the practice. Also involved are  Jean-Philippe Lorizon, Nelson Segundo and new counsel Louise Duvernois, who joined in 2020 from White & Case LLP.

Practice head(s):

Nicolas Boytchev; Carol Santoni

Other key lawyers:

Jean-Philippe Lorizon; Nelson Segundo; Louise Duvernois

Testimonials

‘A team able to handle efficiently all types of real estate work.’

‘Great negotiation abilities.’

‘Highly responsive and in-depth knowledge of market practices.’

‘Nicolas Boytchev’s team combines strong technical knowledge and  pragmatism.’

‘Highly available.’

Key clients

Pathé

Cartier

Tristan Capital Partners

Adéo Services

KanAm Grund

Gecina

Icade

Generali

Groupe Hospitalier Paris Saint-Joseph

Work highlights

  • Advised Tristan Capital Partners on the sale and lease-back transaction of a logistics and light industrial portfolio composed of 51 properties located across France owned by Zamenhof Group.
  • Advising Cartier et Compagnie on the totality of commercial surfaces leasing of the Louvre Saint-Honoré building in order to establish the future premises of the Fondation Cartier pour l’Art Contemporain.
  • Advising Pathé company on the follow-up of its heavy restructuring project of its cinema complex located at 2 boulevard des Capucines in the 9th district of Paris.

White & Case LLP

White & Case LLP ’s team is sought after for the market’s largest investment and corporate real estate transactions. The practice assists a prominent client base of French and international investors as well as property developers and major hospitality brands. The team recently advised on multiple landmark office property deals and assisted Prédica and La Française with a joint venture agreement with Unibail Rodamco Westfield regarding their common investment in a new real estate company owning a €2bn French commercial malls portfolio. The highly regarded duo of Franck Peter and Brice Engel leads the team.

Practice head(s):

Franck Peter; Brice Engel

Key clients

ACM

Amundi

Aviva Real Estate Investors

BNP Paribas Real Estate

Caisse des Dépôts et CDC Investissement Immobilier

Cardif

Financière Colisée

Foncière INEA

GIC

La Française

Oaktree Capital Management

Prédica

Marriott International

SCI EM Lyon 2022

Société Générale Insurance (formerly Sogecap)

Sogecap

Vinci Immobilier

York Capital Management

Work highlights

  • Represented Prédica and La Française in a joint venture agreement with Unibail Rodamco Westfield regarding a new real estate company owning a €2bn portfolio of five major French commercial malls.
  • Represented CDC and ACM in connection with the acquisition of M57 building from BNP Paribas Real Estate.
  • Represented Oaktree Capital Management in connection with the sale of a sizeable portfolio of student housing in France.

BG2V

Practice head(s):

Quentin Leroux

Testimonials

‘Quentin Leroux demonstrates availability, a pragmatic approach to issues and a great ability to quickly establish reassuring contact with clients.’

‘ Quentin Leroux shows remarkable commitment and quality of advice.’

‘We particularly appreciated Quentin Leroux’s technical skills, his negotiating skills, his in-depth knowledge and his ability to give us practical advice.’

‘Quentin Leroux’s team is very professional, responsive and knows how to give strong opinions and clear recommendations.’

‘Woody Guirand is efficient, fast and his opinion is clear-cut. Quentin Leroux is a very good negotiator and knows how to turn around arguments from the counterparties in the client’s favour. He has great ability to find compromise.’

‘Very experienced team and familiar with all legal aspects of real estate work.’

‘Competent, available and pleasant.’

Key clients

AEW

AXA

BABILOU

BOUYGUES IMMOBILIER

BPIFRANCE

CAISSE DES DEPOTS ET CONSIGNATIONS

CARYATID AM

COLLIERS

CONSTRUCTA

DEUTSCHE BANK (now DWS)

ELECTROLUX

EXANE

GDG INVESTISSEMENTS

GROUPE DUVAL

HEC Business School

HERNO

ICADE

ICAM School

IMPALA

IMMOVALOR GESTION (Allianz Group)

JLL (JONES LANG LASALLE)

KEYS REIM

LIBERTY REAL ESTATE

LOGICOR (Blackstone / CIC)

MOUNTPARK PROPERTIES

MUREX

NUVEEN

PREDICA

SCAPRIM

SCHRODERS

SCIENCES PO

SOGECAP

SOREMI

VAILOG (Segro group)

VIRTUO

WEINBERG CAPITAL PARTNERS

Work highlights

  • Advised AEW Europe on various acquisitions, including an office building located in Paris and the shares of a property company holding an office building located in Montreuil.
  • Advised MOUNTPARK on the drafting and negotiation of a lease agreement and construction agreement relating to a 100,000sqm warehouse to be built in Orléans.  
  • Advised LOGICOR on the asset management of its portfolio, in particular with respect to the drafting and negotiation of multiple contracts.

Bryan Cave Leighton Paisner LLP

Practice head(s):

Henry Ranchon

Other key lawyers:

Pierre Popesco; Laurent Schittenhelm; Christine Daric; Olivier Mesmin; David Blondel

Testimonials

‘The tax and real estate team shows excellent professionalism and great listening abilities. The team provides clear and innovative solutions that take into account the level of risks investors are willing to take.’

Key clients

Aspelin Ramm

Work highlights

  • Advised Aspelin Ramm on the c. €50m sale of an office building in Paris rue Notre Dame des Victoires to Generali, the Italy-based global insurance company.

Fieldfisher

Practice head(s):

David Bensimon; Hélène Lefebvre

Testimonials

‘Excellent teamwork from the beginning to the end of a deal. Hélène Lefebvre is a highly appreciated support. Her deep knowledge of the sector as well as her extremely accurate and precise approach of new transactions guarantee a very quick and efficient implementation. She is a strong and creative negotiator and has a talent for calming things in tense situations’.

Key clients

Bayern LB

CA-CIB

Safran

DTZ Investors

6ème Sens Immobilier

Altixia REIM

Marni

Maison Martin Margiela

Façonnable

Work highlights

  • Advised French and Dutch private investors on the establishment of a joint venture and the financing of a building located 56 avenue Montaigne for €106m.
  • Advised Deutsche Pfandbriefbank AG and Bayerische Landesbank AG on the c. €193m financing of the acquisition of ‘Convergence’ in Rueil-Malmaison, France.
  • Advised Berlin Hyp AG on the €58,5m financing of the acquisition of the ‘Helys’ office building located in Suresnes, France.

Franklin

Practice head(s):

François Verdot

Testimonials

A team of experts in real estate law with a perfect mastery of the operational constraints of clients, and above all a pragmatic approach.’

‘François Verdot and Jérémy Goldblum show strong expertise, availability, listening skills, responsiveness. They are business-oriented and provide good advice, pugnacity, tenacity and empathy. They are very serious without taking themselves too seriously.’

‘It is a team that is particularly vigilant in defending the interests of its clients, made up of professionals who are familiar with the real estate world, its players and its products. They are more dealmakers than dealbreakers, imaginative and intelligent.’

‘Efficiency and speed.’

‘Adaptability, efficiency, speed, ability to listen to client’s goals in order to transcribe them into the negotiations and the deeds to be signed; good ability to make business-oriented proposals in order to resolve blocking points during negotiations.’

‘Ability of the team to adapt to any clients need. High level of flexibility and client care.’

Key clients

AEW Europe

Allianz Real Estate

Conforama

Danone

Deutsche Bank

Gecina

GEFCO

Panhard

Paref

Poltrone Sofa

Prologis

Round Hill Capital

Zamenhof

Sareas

Alsei

Jacky Perrenot

Schroders

Mata Capital

Work highlights

  • Advised Prologis on the development of a 100,000sqm turnkey warehouse for Samada, the logistics subsidiary of French retail chain Monoprix.

Goodwin

Practice head(s):

Sarah Fleury

Testimonials

‘High availability and responsiveness.’

‘The partners understand clients’ business issues, are proactive and provide swift answers.’

‘Dynamic and committed.’

Key clients

Caisse des Dépots et des Consignations

Clarion Gramercy (UK) Limited

Coffim

GreenOak Europe

Groupe Amaury

HqO

Meininger Hotel Europe

MACSF

Oaktree Capital Management

Parquest Capital

Keys REIM

RoundShield Partners

Tokoro Capital

Work highlights

  • Advised RoundShield Partners on various agreements with Six Senses Hotels and Resorts to develop and operate a luxury resort in the Loire Valley.
  • Advised Caisse des Dépôts et Consignations (CDC) in connection to its partnership with Foncière Soleil Invest to acquire a building in Saint-Gervais-les-Bains to transform it into a 4-star hotel.
  • Advised Keys REIM on the acquisition, from real estate investor, Urban Renaissance, of a retail complex in Angle.

Hogan Lovells (Paris) LLP

Practice head(s):

Corinne Knopp

Other key lawyers:

Michaël Lévy

Testimonials

‘Extremely responsive; excellent client service; tailor-made solutions; perfect mastering of issues; business-oriented and dealmakers.’

‘Michaël Levy, Alice Houdart and Margot Derumaux listen to their clients and address their needs’.

Key clients

Colony Capital

Fidelity International

M&G

Logistics Capital Partners

Sagax

Prologis

Motel One

Groupama Gan REIM

Mata Capital

Valor Real Estate Partners

JP Morgan

Covivio

Work highlights

  • Assisting FIREF through a French OPPCI with the acquisition of an office property in Boulogne from AXA REIM and Norges Bank.
  • Advising Prologis on the sale of a logistics portfolio located in France as part of a worldwide disposal of an international portfolio.
  • Acting for Logistics Capital Partners on the acquisition of a property site near Paris for a logistics development project.

Kramer Levin Naftalis & Frankel LLP

Practice head(s):

Renaud Dubois; Arnaud Guérin; Pierre Appremont; Danièle Darmon; Paméla Le Jeune

Key clients

Assurances du Crédit Mutuel

Open Partners

AG Real Estate France

Etche France

Cibex

Keys Asset Management

Amundi

CDC

Poste Immo

Predica – Crédit Agricole Assurance

Icade

Work highlights

  • Advising Crédit Agricole Assurances on the sale to AccorInvest, owner and hotel operator, of a property portfolio of four hotels.
  • Advising Etche France’s shareholders on the acquisition of a stake by KKR in the capital of Etche.
  • Advising Harbert Management Corporation and Foncière Magellan on the sale of four business parks in France.

Pinsent Masons LLP

Practice head(s):

Anne-Laure Fonade; Denis Charles

Testimonials

‘Denis Charles has a very renowned practice in real estate investment and corporate real estate. His team has a solid technical base in corporate real estate law and has developed a strong expertise in logistics. Denis is keen to make every effort to meet our assistance needs in a pragmatic, friendly and efficient manner. I have every confidence in the relevance of their advice.’

‘Anne-Laure Fonade is totally committed to defending the interests of her clients and has a perfect command of complex situations.’

 ‘Very client-focused team with exceptional dedication to the needs of the client. Multilingual and always available. As a team, they are very proactive and can accommodate any urgent matters in the most efficient and effective way. They show a focus and drive to understand exactly what the client needs and provide solutions that are tailor-made to the clients needs’.

 ‘Great teamwork within the practice, as well as great reactivity in responding to queries. Ability to look beyond the questions asked, and preempt next steps and potential issues. Anne-Laure Fonade, Sandy Wirtz and Julie de Kervenoael provide extremely meticulous work and a real approachability in work’.’

Key clients

OPPCI SEPTEM

Gazeley / GLP France

Bell Food Group

Charles S. Cohen/Cohen Brothers Realty

DTZ Investors REIM

Al Thani Collection Foundation

Oracle

Sofidy

UBS Real Estate

KKR

Work highlights

  • Advising a Qatari private investor on the setting up of an international joint venture with Aerium in order to invest in the OPPCI SEPTEM, which currently holds French assets of around €147m.  
  • Advised Gazeley/GLP in connection with a sale and lease-back transaction consisting of the acquisition and the leasing of a c.63,000sqm logistic platform in Amblainville, France.
  • Advising the Al Thani Collection Foundation on the fit and works for the future museum space inside the Hotel de la Marine.

Reed Smith

Practice head(s):

Stéphane Illouz

Reinhart Marville Torre

Practice head(s):

Bertrand Thouny; Fleur Gaffinel

Testimonials

‘Extreme availability and high  level technique on real estate matters.’

‘Available and flexible team. Very relevant and intelligent reviews. Positions and recommendations with a strong ability to find compromises when necessary while protecting the interests of clients. Friendly team and very pleasant to work with.’

‘Very good knowledge of the market.’

Key clients

ABB

AEW CI LOGER

AG2R LA MONDIALE

AUDACIA

AVIVA INVESTORS REAL ESTATE

CS Communication et Systèmes

DXC Technology

EIFFAGE

FC NANTES

FIMINCO

FREY

GENERALI REAL ESTATE

IFF (International Flavors & Fragance)

KFC FRANCE / YUM! BRANDS INC.

KLEPIERRE

MC DONALDS

URBAN

SOGELYM DIXENCE

VALIMMO

WERELDHAVE

Work highlights

  • Advising Aviva Investors on the acquisition of the building located 50 rue d´Anjou, Paris 8ème, with an area of ​​10,600sqm.
  • Advising AEW in the context of the acquisition of four Monoprix on behalf of four real estate investment funds (SCPIs).
  • Advising AEW on the acquisition of a building located at 9 rue du Faubourg-Saint-Honoré in the 8th arrondissement of Paris.

sbkg & Associés

Practice head(s):

Vincent Lassalle; Lionel Rosenfeld

Key clients

INFRARED – HEMISPHERE

INVESCO

KANAM GRUND INVESTMENT

LASALLE INVESTMENT MANAGEMENT

REAL I.S. AG

PATRIZIA

SAVILLS ASSET MANAGEMENT

AVIVA INVESTORS

PATRIMONI

EDOUARD DENIS GROUP

NORTHWOOD INVESTMENT

DK ARCHITECT

DEKA IMMOBILIEN

GIM

Work highlights

  • Advised Global Gate Capital and DEA Capital on the acquisition of R² office building in Paris from SCOR.
  • Advised AREFIM on the sale in future state of completion of a logistics portfolio to Invesco.
  • Advised Patrizia on the acquisition from La Française of a large retail building in Paris.

Simmons & Simmons

Practice head(s):

Elisa Bocianowski

Other key lawyers:

Céline Larmet; Chloë Nessim

Testimonials

‘Extremely responsive; excellent customer service; operational solutions; perfect mastering of various real estate issues (financing, leases); a business-oriented and dealmaker team.’

‘Céline Larmet, Alexandre Grevet and Morgan Nussbaum make up a reference team for real estate financing. They allow their clients to focus on the deal by managing all the issues relating to financing.’

‘Elisa Bocianowski and Louis Delestrée have in-depth knowledge of the various real estate issues.’

‘Simmons has in-depth know-how. They were very proactive and responsive.’

Key clients

Groupama Immobilier

Groupama Gan Reim

BNP Paribas REIM France

Valor Real Estate Partners

Global Net Lease

TechnipFMC plc and Technip France

Unibail-Rodamco-Westfield

Colliers Global Investors

Keys REIM

Johnson & Johnson

GLP (Gazeley)

Savills Investment Management

ATREAM

Work highlights

  • Advised real estate investment trust Global Net Lease on the refinancing of its real estate assets portfolio in France for an amount of €70m granted by HSBC.
  • Advised Savills Investment Management on the financing of the acquisition of a logistics platform in Greater Paris granted by La Banque Postale.
  • Advised Atream SAS on the financing of the acquisition of several cottages, hotel apartments and facilities of holiday park CenterParcs De Eemhof.

Taylor Wessing

Practice head(s):

Alfred Fink

Key clients

Warimpex/UBM

Crédit Suisse

RFR Holding GmbH

Global Hotel Group

ORPEA

Invesco

GEW Ferien Gmbh

Lime SAS

SCI Forty George V

Marriott

Continuum Capital Partners GmbH

Commodus

AMRI

New Guards Group

Sycamore Capital

Groupe Réaumur France

Work highlights

  • Advised Credit Suisse on the acquisition of an office building for €46m and on the financing of €23m from DZ Hyp AG.
  • Advised Continuum on the acquisition of co-ownership plots and the granting of a construction lease to the seller.
  • Advised Marriott on franchise agreements with Cycas (hotel manager) for two hotels at Paris airport.