AXA Investment Managers’ Strategic Partnership with In’li

AXA Investment Managers' Strategic Partnership with In’li

LPA-CGR, Orrick and Arsène Taxand advised Axa Investment Managers – Real Assets on the deal. Pardieu Brocas Maffei and Ernst & Young et JLL advised In’li on the deal.

Axa Investment Managers – Real Assets has created a long-term strategic partnership with In’li, a subsidiary of Groupe Action Logement. The partnership includes the creation of a new property company for the development of a portfolio of almost 20,000 new affordable housing units in the Ile-de-France region over the next 10 years.

As part of this partnership, In’li will hold a 25% stake in the new property development company through which approximately 5,800 existing housing units and 4,000 new housing units currently under construction will be forward funded by the venture. These assets will be managed by In’li through its asset management subsidiary In’li Property Management and AXA IM – Real Assets will provide the asset and fund management. The closing of the transaction is scheduled for the end of 2020.

With this new transaction, AXA Investment Managers – Real Assets, one of the world’s leading real estate investment managers and a leader in real estate asset and portfolio management in Europe, pursues its residential investment strategy by focusing on markets with significant needs and favoring intermediate segments in order to provide affordable housing that meets the strong needs of middle class and young working people.

The Orrick team was led by partner Patrick Tardivy and included partner Olivier Jouffroy and associates Lara Donnedieu de Vabres and Léa Menaut for the M&A aspects; partner Carine Mou Si Yan for the financing aspects; and partner Patrick Hubert and associate Léna Boucon for competition law aspects. Axa Investment Managers – Real Assets was also advised by Arsène Taxand, Wargny Katz, Accuracy Egis and Wild Trees.

LPA-CGR team was led by Sidonie Fraîche-Dupeyrat (Photo) and included Pierre-François Racine, Chloé Toméo, Anne-Charlotte Foin, Marion Benadiba et Cécile Bénoliel, Geraldine Piedelièvre, Alix Patouillaud, Hélène Cloëz, Lionel Sandrock,  Karine Bezille and Charlotte Sicsic.

Arsène Taxand advised Axa Investment Managers – Real Assets with Stéphanie Hamis, Cécile Tassoumian, Pascale Ekué et Damien Correy.

In’li was advised by Natixis Partners, Cheuvreux, Pardieu Brocas Maffei, Ernst & Young and JLL.

Involved fees earner: Damien Correy – Arsene Taxand; Pascale Ekué – Arsene Taxand; Stéphanie Hamis – Arsene Taxand; Cécile Tassoumian – Arsene Taxand; Marion Benadiba – LPA-CGR avocats; Karine Bezille – LPA-CGR avocats; Hélène Cloez – LPA-CGR avocats; Anne-Charlotte Foin – LPA-CGR avocats; Sidonie Fraîche-Dupeyrat – LPA-CGR avocats; Alix Patouillaud – LPA-CGR avocats; Géraldine Piedelièvre – LPA-CGR avocats; Pierre-François Racine – LPA-CGR avocats; Lionel Sandrock – LPA-CGR avocats; Charlotte Sicsic – LPA-CGR avocats; Chloé Tomeo – LPA-CGR avocats; Lena Boucon – Orrick; Lara Donnedieu de Vabres – Orrick; Patrick Hubert – Orrick; Olivier Jouffroy – Orrick; Lea Menaut – Orrick; Carine Mou Si Yan – Orrick; Patrick Tardivy – Orrick;

Law Firms: Arsene Taxand; LPA-CGR avocats; Orrick;

Clients: AXA Investment Managers – Real Assets;

Author: Ambrogio Visconti