Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
10 October 2016
Deals | France | Real Estate Transactions & Financing
Dutch retail property group Redevco and UK pension manager Hermes Investment Management have initiated their €250m European retail real estate acquisition programme by acquiring the shopping centre "L’Espace du Palais" in Rouen, France.
The Redevco/Hermes Investment Management European joint venture is targeting investments in high-street properties, shopping centres and retail parks in need of hands-on asset management in France, Germany, the Benelux countries and the Nordic region.
"L’Espace du Palais" in the centre of Rouen, 130 km northwest of Paris, covers approximately 10,000 sq. m. and comprises 30 commercial units with Fnac as its anchor tenant.
Gide advised Redevco on structuring and setting up the investment vehicles (including a French REIT, OPCI) with a team led by partner Hugues Moreau. The tax aspects were handled by partner Laurent Modave and the regulatory aspects by counsel Guillaume Goffin.
