14 February 2019
Deals | France | Real Estate Transactions & Financing
ICAMAP, an investment fund management company that specialises in real estate, alongside Ivanhoé Cambridge, real estate subsidiary of Caisse de dépôt et placement du Québec, have created investment fund ICAWOOD to develop new-generation low-carbon offices in the Métropole du Grand Paris (greater Paris region).
Managed by ICAMAP, ICAWOOD can draw on 750 million euros of own funds, for an overall investment capacity of 1.6 billion euros, enabling the construction of 200,000 to 300,000 sq.m. of low-carbon offices by 2028.
The Gide team that advised ICAMAP on the design and implementation of this fund was led by Real Estate Transactions & Financing partner Frédéric Nouel, and comprised partner Didier G. Martin on corporate aspects, partner Laurent Modave on tax aspects, and partner Guillaume Goffin on regulatory aspects.
Ivanhoé Cambridge was advised by Clifford Chance, and by Lacourte Raquin Tatar on tax aspects.