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.
5 January 2021
Deals | EU | M&A | Real Estate Transactions & Financing
Gide has advised EDF Invest on finalising its real estate partnership with BNP Paribas Cardif and Korian. This agreement provides for long-term investment in a property vehicle controlled and managed by Korian.
This dedicated structure owns 81 assets across France, Germany, Italy and Belgium, with a value of around EUR 1 billion. The high-quality portfolio includes nursing homes and clinics, around a third of which have been built or renovated within the last five years, and around half are situated in major urban areas in Europe (Paris, Rome, Lyon, Brussels etc.).
BNP Paribas Cardif and EDF Invest have invested a total of EUR 336 million, each investing half of the amount, representing 49% of the real estate vehicle.
The Gide team advising EDF comprised partner Thomas Urlacher, working with associate Baptiste Godmer on corporate aspects; partner Jean-François Levraud, counsel Antoine Mary, and associates Capucine Pelissié and Mathilde Merle on real estate aspects; and associates Cyrille Rollin, Laure Dufour and Caroline Pineau on aspects of public law. Gide also coordinated firms Chiomenti, Hengler Mueller and Strelia on Italian, German and Belgian property aspects. EDF was advised on tax aspects by Jones Day.
BNP Paribas Cardif was advised by White & Case.
Korian was advised by Lacourte Raquin Tatar.
