5 January 2021
Deals | France | Real Estate Transactions & Financing
Gide has advised Aviva Investors on its off-plan acquisition of the "Reiwa" property complex located in Saint-Ouen, a north-eastern suburb of Paris.
Upon delivery of the project, expected in Q4 2023, the seller and developer Nexity will set up its new headquarters in the complex on a long-term lease.
"Reiwa" is a unique building covering approximately 25,000 sq.m. and offering a significant number of service areas, including four catering areas. The asset will also boast some 4,000 sq.m. of outside spaces, terraces, gardens, balconies, and a rooftop with auditorium offering a panoramic view over Paris.
Gide's team working with Aviva Investors on this operation was headed by partner Hugues Moreau, working with associates Marie Pastier and Capucine Pélissié on real estate and transactional aspects, and counsel Farah El-Bsat and associate Marie l'Hélias on aspects of finance law.
The buyer was also advised by notarial office Thibierge Notaires.