PwC Société d’Avocats and Mayer Brown advised Hines on the deal, while Dechert advised ING Bank in the financing of the acquisition.
Hines, the international real estate fund and asset manager, completed the financing of 11 logistics assets spanning 350,000 square meters across France on behalf of its Hines European Value Fund 2 (HEVF 2), from Auchan, the French multinational retail group.
The acquisition, which is a sale and leaseback transaction, marks the first investment in France by HEVF 2, with Auchan, one of France’s leading grocery retailers and distributors, remaining the tenant across the entire portfolio, on a long-term basis for a number of the assets.
The 11 assets are located in Paris, Bordeaux, Clermont-Ferrand, Lyon, Nîmes, Strasbourg, Tours and two sites in the Amiens and Lille regions respectively.
PwC Société d’Avocats advised Hines with Bruno Lunghi, Maxence Colcombet and Sarah Bencheikh.
Dechert’s cross-border team included partners Privat Vigand in Paris and Laura Rossi in Luxembourg assisted by associates Guénaëlle Taroni, Pauline Keller, Alessia Longo and Pierre-Emmanuel Floc’h in Paris and associates Thomas Tomasic and Rui Cheng in Luxembourg.
The Mayer Brown team included Senior Counsel Hervé Kensicher and associate Stéphane Joly.
Involved fees earner: Pierre-Emmanuel Floc’h – Dechert; Pauline Keller – Dechert; Alessia Longo – Dechert; Laura Rossi – Dechert; Guénaelle Taroni – Dechert; Thomas Tomasic – Dechert; Privat Vigand – Dechert; Stéphane Joly – Mayer Brown; Hervé Kensicher – Mayer Brown; Sarah Bencheikh – PwC Tax & Legal; Maxence Colcombet – PwC Tax & Legal; Bruno Lunghi – PwC Tax & Legal;
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