17 February 2020
Deals | France | Real Estate Transactions & Financing
Gide has advised Unibail-Rodamco-Westfield (URW) on setting up a partnership of major French investors including Crédit Agricole Assurances and La Française (the Consortium) with a view to acquiring shares in the new joint venture, of which the Consortium will own 54.2% and URW 45.8%.
The joint venture's portfolio will comprise five shopping centres transferred by URW: Aéroville, So Ouest, Rennes Alma, Toison d’Or and Confluence. These five assets represent a gross leasing area of 320,800 sq.m. and totalled 42.5 million visits in 2019.
Partners Frédéric Nouel, Didier G. Martin and Rémi Tabbagh, working with counsel Cléopha Thomann and associates Faten Anis, Clémence Monteil, Julia Michorczyk and Clémence Dubreuil assisted Unibail Rodamco Westfield on this transaction and its financing.
Unibail-Rodamco-Westfield was also advised on financial aspects by Lacourte Raquin Tatar and by notarial study Ginisty & Associés.
Predica and La Française were advised by BDGS Associés and White & Case, and by notarial study Allez & Associés.
The banking consortium comprising BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Natixis and Société Générale was assisted by De Pardieu Brocas Maffei, working with notarial study Wargny Katz.