M&G Real Estate, RedTree French Real Estate Fund and Eternam’s Acquisition of a 13.000 m² Property in Paris

M&G Real Estate, RedTree French Real Estate Fund and Eternam's Acquisition of a 13.000 m² Property in Paris

King & Spalding advised M&G Real Estate, while Dechert advised lenders on the deal.

A group of banks, including Crédit Agricole CIB as coordinator and arranger, SCOR Investment Partners as arranger, as well as BRED, Socfim and Caisse d’Epargne Ile-de-France, granted the financing of the acquisition and refurbishment of an emblematic real estate complex in Paris, by RedTree Capital, a French real estate investment fund.

The real estate asset is composed of three buildings located at 36-36bis avenue de l’Opéra, 18 rue Louis Legrand and 33 rue Quatre-Septembre in Paris’ Opera district, and was acquired on behalf of RedTree French Real Estate Fund, M&G and Eternam for a total value of €235 million.

King & Spalding advised M&G Real Estate with a team led by Guillaume Aubatier (Picture), with Dorian Scemama, and Anne Vrignaud.

The Dechert team advising the lenders was led by partner Privat Vigand and included associates Guénaëlle Taroni and Pauline Keller.

Involved fees earner: Pauline Keller – Dechert; Guénaelle Taroni – Dechert; Privat Vigand – Dechert; Guillaume Aubatier – King & Spalding; Dorian Scemama – King & Spalding; Anne Vrignaud – King & Spalding;

Law Firms: Dechert; King & Spalding;

Clients: BRED Banque Populaire; Caisse d’Epargne Île-de-France; Crédit Agricole Corporate and Investment Bank; M&G Real Estate; SCOR Investment Partners; Societe Centrale Pour Le Financement De Immobilier SOCFIM SA;

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Author: Ambrogio Visconti