With a particularly active real estate practice, Norton Rose Fulbright’s full service offering ranges from acquisitions, transfers and restructurings to tax structuring and finance matters. Leading the team, Jean-Pascal Bus specialises in transactions and investment litigation. Kamel Ben Salah demonstrates strength in real estate financing matters, with particular expertise in refinancing portfolio assets. The firm’s reach was strengthened by the arrival of David Lacaze and Isabelle Augais, who joined the team in May and June 2025 from Herbert Smith Freehills Kramer LLP.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘This team stands out for its sharp and proven expertise in hotel investment, both nationally and internationally. They possess in-depth knowledge of the specificities of the hotel industry – whether it be the legal and tax structuring of investments, the negotiation of management contracts, or the challenges related to the acquisition and disposal of hotel assets.'
  • ‘Isabelle Augais, David Lacaze and Marjorie Bodino are recommended for their expertise in the hotel sector.'
  • ‘The team have extensive hotel expertise and knowledge of the hotel ecosystem and the specific characteristics of its stakeholders, from individuals to institutions.’
  • ‘David Lacaze has been supporting us for years on a major development project: David's availability is exceptional. Since joining with Isabelle Augais, he has developed a deep understanding of asset management. I have complete confidence in him.
  • ‘I consider David Lacaze to be the best lawyer in Paris on real estate joint ventures and complex investments.’
  • ‘David Lacaze, Isabelle Augais, and Marjorie Bodino make a truly excellent team. Their skills are outstanding, and we collaborate very harmoniously. They are an indispensable team, especially in the hospitality industry.’

Key clients

  • Tikehau
  • Certas Energy
  • Panattoni
  • LyondellBasell
  • Kohlberg Kravis Roberts & Co (KKR)
  • LFPI Gestion
  • Extendam
  • Swiss Life Asset Managers France
  • ING Bank N.V.
  • Sofidy
  • Edged Energy
  • SCI FORTY SIX GEORGE V

Work highlights

Advising Tikehau for the acquisition and financing of the acquisition of a large retail real estate portfolio in France, including 30 retails assets from Immobilière Groupe Casino.
Advising Sofidy on the acquisition of Stadshart shopping Centre located in Zoetermeer, the Netherlands, from Unibail Rodamco Westfiled.
Assisting Edged Energy France for the implementation of two data centres in France.

Lawyers

Leading partners: Real estate finance

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Kamel Ben Salah
Kamel Ben Salah
Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

David Lacaze
David Lacaze
Next Generation Partners

Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Isabelle Augais
Isabelle Augais
Practice head

Jean-Pascal Bus

Other key lawyers

David Lacaze; Kamel Ben Salah; Isabelle Augais; Marjorie Bodino