4 April 2016
Deals | France | Real Estate Transactions & Financing
Gide has advised the real estate investment management company Cleaveland and its shareholders on signing an agreement for its acquisition by the Edmond de Rothschild Group. This acquisition remains subject to approval from the French financial markets authority.
A leading independent real estate asset management company for third parties, Cleaveland covers the entire value-chain of real estate management activities (OPCI management company, asset management and property management) and handles over EUR 2.5 billion of assets.
This acquisition will enable the Edmond de Rothschild Group to design a comprehensive property offer that combines real estate management and investment.
Hugues Moreau, partner in Gide’s Real Estate Transactions & Financing practice group, advised Cleaveland and the sellers on this transaction.
The Edmond de Rothschild Group was advised by De Pardieu Brocas Maffei (partners Emmanuel Fatome and Thomas Bréart de Boisanger).