27 August 2018
Deals | France | Real Estate Transactions & Financing
Olifan Group, a leading French wealth management expert, extends its investment strategy to the French institutional property market by launching OLIFAN Immo 18, its first real estate collective investment scheme open to professionals (Organisme de Placement Professionnel Collectif Immobilier, or OPPCI).
In partnership with group MAPFRE, a Spanish leading insurer, OLIFAN Immo 18 has acquired a first office use asset in the greater Paris area, for an estimated value of over EUR 43 million.
As part of its development programme, OLIFAN Immo 18 is considering the subscription of new private and institutional clients, as well as ambitious investments in real estate assets, to provide attractive yields and diversification to Olifan Group clients.
Gide assisted Olifan Group on structuring the OPPCI and its first acquisition with a team headed by partner Hugues Moreau, with partner Bertrand Jouanneau on tax aspects, counsel Guillaume Goffin on regulatory matters, and associates Sophie Gillard and Lucie Martins on corporate and real estate aspects.