Linklaters has advised Beacon Capital Partners, an America-based real estate investment fund, on the sale of the company owning the Europe Avenue real estate complex, located at Bois- Colombes in Hauts-de-Seine, France to a joint venture set up between Insurance group Generali and Groupe Credit Agricole's Predica for around €400 million.
The Europe Avenue real estate complex, completed in 2009, comprises some 65,000 sq.m of office space across five buildings. Holding the High Environmental Quality Construction label (HQE), the real estate complex is fully let to IBM France and companies belonging to the GDF Suez group.
The Linklaters team involved on this transaction was lead by Real Estate Partner Françoise Maigrot, assisted by Sylvain Canard-Volland and Irène Cottaris. Linklaters has advised Beacon Capital Partners in 2006 on the purchase, financing, construction, letting until the sale in 2011.
The Linklaters Paris Real Estate team covers a whole range of transactions, from the traditional to the complex, including all aspects relating to urban development, the environment, construction and property financing. The team accompanies its clients through all stages of their real estate transaction in France and internationally and has unparalleled expertise in setting up the complex financial, legal and tax structures that are frequently required. The team recently advised Beacon Capital Partners on the follow-up to the extension of the banking loan granted by PBB and lease agreement to E&Y for a part of the First tower in La Défense, Henderson Global Investors on the sale of owning entities of a shopping centre in Troyes to Resolution Property, and Medica on a sale & lease back transaction worth €130m.
Linklaters press contact
Solène Guesdon (+33) 1 56 43 5969
