Lacourte Raquin Tatar advised Gulf Islamic Investments on the acquisition of the Altaïs tower, while Clifford Chance advises the consortium of sellers.
Gulf Islamic Investments (GII) during the acquisition of the Altaïs tower, a completely restructured 37,500 m2 office complex located in Montreuil, in eastern Paris.
The Altaïs Tower, previously owned by a consortium comprising Oaktree Capital, Arpent Capital and Maple Knoll, comprises two buildings, 99% of the premises of which are currently leased with leases averaging 12 years.
The whole has recently undergone a major restructuring in order to meet the most recent standards in commercial real estate but also in order to make this complex sustainable.
This transaction represents the first Parisian acquisition of GII.
The Lacourte Raquin Tatar firm intervened with GII on the tax aspects and the structuring of this transaction. The team was made up of Jean-Yves Charriau (Picture, partner), Sophie Duboy (counsel) and Enora Mangin (associate).
Clifford Chance, adviser of the consortium of sellers since 2015 (acquisition, financing, redevelopment, leasing), also advised it on this transaction with a team consisting of François Bonteil, partner, Anne-Sophie Plé and Adeline Lefaucheur, counsel, Xavier Vaury, associate, on transactional legal aspects, as well as Omar El Arjoun, counsel, on tax aspects.
Allen & Overy and the Lasaygues law firm intervened on the legal aspects.
Involved fees earner: François Bonteil – Clifford Chance; Omar El Arjoun – Clifford Chance; Adeline Lefaucheur – Clifford Chance; Anne-Sophie Plé – Clifford Chance; Xavier Vaury – Clifford Chance; Jean-Yves Charriau – Lacourte Raquin Tatar; Sophie Duboy-Maurel – Lacourte Raquin Tatar; Enora Mangin – Lacourte Raquin Tatar;