Norges Bank Real Estate Management has acquired a 100% interest in the Vendôme Saint-Honoré property

Gide and Mayer Brown has advised on the deal

The agreement was signed and completed on 16 December 2016.

Norges Bank Real Estate Management paid 1.0 billion euros for the property. No financing was used in the acquisition and the asset will be held unencumbered by debt.

The sellers of the property were Trajan Luxembourg S.a.r.l and Trajan Luxembourg II S.a.r.l, both controlled by private investors John Magnier and JP McManus.

The property comprises 26,800 square metres and includes 80 percent rentable office space and 20 percent rentable retail space.

Gide Loyrette Nouel has advised Rorges Bank Real Estate with a team led by Hugues Moreau (Picture).

Mayer Brown has advise the sellers with a team including Jean-Philippe Lambert, Jean-Pierre Lee, Maud Bischoff , Constance Bouchet, Marion Minard (Banking & Finance), Vincent Nédellec, Guimei Li (Corporate) and Wladimir Mangel (Real Estate).

Involved fees earner: Hugues Moreau – Gide Loyrette Nouel; Vincent Nédellec – Mayer & Brown; Wladimir Mangel – Mayer & Brown; Jean-Philippe Lambert – Mayer & Brown; Jean-Pierre Lee – Mayer & Brown; Maud Bischoff – Mayer & Brown; Constance Bouchet – Mayer & Brown; Marion Minard – Mayer & Brown;

Law Firms: Gide Loyrette Nouel; Mayer & Brown;

Clients: Norges Bank Investment Management; Trajan Luxembourg S.a.r.l ; Trajan Luxembourg II S.a.r.l; John Magnier ; JP McManus;

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