Head of the firm’s global real estate group François Bonteil leads the dedicated practice at Clifford Chance, noted for its host of ‘brilliant partners and lawyers’, alongside Alexandre Couturier. The team has a strong reputation for its ability to handle a broad range of real estate matters, which are frequently cross-border in nature, for such notable clients as Allianz Real Estate. Such work includes investments, sale and leaseback transactions, joint ventures, financings, restructurings, fund formations as well as acquisitions and disposals, the latter of which has been a particularly standout area in recent times, being that the team advised CNP Assurances on a portfolio of properties valued at €2.4bn. David Gérard is a particularly strong counsel in the team, noted for his ‘professional qualities’.
Real estate in France
Clifford Chance
Responsables de la pratique:
François Bonteil; Alexandre Couturier
Autres avocats clés:
David Gérard; Karen Bortolotti; Louis-Antoine Frentz
Les références
‘Clifford Chance’s real estate practice features brilliant partners and lawyers. They know the market perfectly. Their work is always of high quality and meets the needs of their clients. From a billing point of view, they respect their commitments.’
‘I particularly recommend Alexandre Couturier and David Gérard for their relational and professional qualities. Always available and strong deal-makers.’
‘Alexandre Couturier is a very good negotiator.’
Principaux clients
AEW
Alderan
Allianz Real Estate
Arpent Capital
A|tream
Aviva Investors Real Estate
AXA IM
PineBridge| (formerly known as Benson Elliott)
BlackRock
Bouygues |Immobilier
Cale Street Partners
CDC |Investissement| |Immobilier
CNP Assurances
Colony Investment Management
Covivio
Crédit Suisse Asset Management
Cromwell European REIT
Deutsche Bank
DigitalBridge| (previously named Colony Capital)
DWS
Fortress
Gecina
Generali Real Estate
GIC
GLP
HSBC REIM
Ivanhoé| Cambridge
Kering
Klépierre
Maple Knoll Capital
Morgan Stanley Real Estate Investment
Natixis
O|reima
Partners Group
Patrizia
PGGM
Primonial| REIM
Proudreed
Richemont Luxury Group
Schroders
Swiss Life Asset Management
Total Energies
Union Investment Real Estate
Westbrook
Principaux dossiers
- Advised CNP Assurances on the legal aspects of the acquisition of a portfolio of more than 7,600 housing units of high environmental quality from CDC Habitat, valued at €2.4bn.
- Advised Atream, a member of consortium with Fidera and Alcentra, on the recapitalization process of the Pierre & Vacances Center Parcs Group.
- Advised AXA IM Alts on its partnership with Unibail-Rodamco-Westfield for the construction of the Triangle Tower in Paris.
De Pardieu Brocas Maffei
The team at De Pardieu Brocas Maffei, noted as ‘one of the major players in French real estate’ is co-led by Emmanuel Fatôme and Paul Talbourdet and highly experienced in assisting real estate and insurance companies, financing and investment funds and credit institutions. It supports its clients in the full-range of work in this area, predominantly domestically, including high-value real estate sale and purchase transactions, the setting up of property funds and real estate financing matters; the specialist team is ably supported by both tax and M&A specialists across the firm to ensure its clients receive a well-rounded service from relevant experts. Notable team changes in 2022 include the departure of counsel Anne Richier to Bryan Cave Leighton Paisner , and the appointment of three real estate specialists to partner, being Nicolas Bricaire, Marie-Caroline Fauchille, who has a particular strength in commercial leases and development work, and Grégoire Balland. Yannick Le Gall is worthy of note also.
Responsables de la pratique:
Emmanuel Fatome; Paul Talbourdet
Autres avocats clés:
Yannick Le Gall; Pierre Gebarowski; Katia Belhiteche; Grégoire Balland; Marie-Caroline Fauchille; Nicolas Bricaire
Les références
‘The Depardieu firm is one of the major players in French real estate law.’
‘A high-level of expertise alongside a very business-like approach to files in the team, which has multidisciplinary specialisms across the team in relation to real estate-related topics. The team has a good understanding of their clients’ business. Emmanuel Fatome has a great knowledge of real estate, particularly in the hotel industry.’
‘The best team in real estate financing on the market. Very technically competent, responsive, with an unparalleled talent for negotiations, an irreproachable sense of service and excellent fees.’
‘An ultra-experienced team in French real estate, at the heart of market practices in transactions as well as in financing, in particular in complicated deals, including share deals, platforms, and corporate. They are the fine flower of advice in France; sophisticated and hard-working.’
‘Availability and responsiveness is key in the team, which is experienced on the main real estate subjects, being leases, completed sales and VEFA. The team also has the ability to capture and collaborate with the firm’s other teams of experts.’
‘Paul Talbourdet has great experience and availability, whilst Marie-Caroline Fauchille is very responsive and has a fighting spirit in her cases.’
‘There is high availability within the team, a great quality of advice delivered, and a considered expertise on our business and understanding of our constraints.’
‘Pierre Gebarowski is a great professional, who is very competent, has very good interpersonal skills, and communication skills (including in English).’
Principaux clients
AAREAL BANK AG
ACCOR INVEST
ALLIANZ
ALTAREA
AMUNDI IMMOBILIER
APSYS
AXA IM
BATIPART
BLACKSTONE
BNP PARIBAS
BRED
CALE STREET PARTNERS LLP
CARREFOUR / CARMILA
COVIVIO
CREDIT AGRICOLE GROUP (CA CIB, Predica…)
DATA4 GROUP
DEKA BANK
EMERIGE
GALIMMO
GECINA
IN’LI
ING
L’OREAL
NATIXIS
PGIM
SOCFIM
SOCIETE GENERALE
TISHMAN SPEYER
Principaux dossiers
- Advising an investment fund managed by Cale Street Partners on behalf of the Kuwait Investment Office on the setting up of a €420m mortgaged bond financing for Tesfran.
- Advising Generali on the sale to the Italian group Antirion of 50% of the capital and voting rights of SCI Iris La Défense, owner of the M2 Saint-Gobain office tower located in La Défense.
- Advising Covivio on the development and the financing of a mix-use tower located at Alexanderplatz in Berlin.
Fairway A.A.R.P.I.
Frédéric Lefébure and ‘key figure in the market’ Aubry D’Argenlieu co-head the practice at Fairway A.A.R.P.I., which ably advises its clients on the full spectrum of real estate matters; it has recently assisted its reputable clients on transactional matters such as the acquisition and financing of significant portfolios in the French market. An example of such work being the large-scale acquisition of 567 commercial leases for ALDI, which is the biggest supermarket-related real estate transaction in the past decade in France. Atop its domestic work, the team is also equipped to handle cross-border cases and it often handles matters in collaboration with tax and corporate specialists at the firm. It also has impressive expertise in financing alongside its transactional work, which is partner David Franco‘s specific area of focus. Notably, Sandrine Benaroya joined the team from AYACHE in June of 2021.
Responsables de la pratique:
Frédéric Lefébure; Aubry d’Argenlieu
Autres avocats clés:
Franck Denis; David Franco; Neslihan Gabriel-Denizkurdu; Cloé Teisson; Aurore du Marais; Pierre-Emmanuel Fonteilles; Nicolas Aynès; Aude Dewilde
Les références
‘A very good team spirit amongst the close-knit team, all of whom are well-informed of client files. The team is highly available and there is rigor in the processing of data and feedback.’
‘Franck Denis and Aude Dewilde are business-oriented and are there to find solutions, whilst always keeping in mind the interests of their client. They work in complete transparency with other teams, their budgets are considered and fluidly discussed over the course of matters, to avoid surprises.’
‘Aubry d’Argenlieu is always very available, always attentive and very involved in negotiations.’
‘Frédéric Lefébure is available, business-oriented.’
‘Fairway is characterized by its strong technicality and real knowledge of the real estate market, which allows its clients to benefit from both high-level technical assistance and a resolute business approach.’
‘Aubry d’Argenlieu is distinguished by his synthetic and strategic approach to files and his very detailed knowledge of the market and its challenges; he is a key figure in the market. Pierre-Emmanuel Fonteilles stands out for his strong corporate technicality and his unfailing involvement in cases.’
‘The team has an ability to support its clients on complex operations and an excellent understanding of relevant issues.’
‘An excellent understanding of the issues; provision of answers and solutions allowing the proper execution of operations; great responsiveness; qualitative exchanges; and very good interaction with counterparties.’
Principaux clients
ALDI
ABENEX CAPITAL
ACOFI
ALTAREA
ANRU (AGENCE NATIONALE POUR LA RENOVATION URBAINE)
APSYS
ARES MANAGEMENT
ATREAM
AXA IM REAL ASSETS
BROOKFIELD
CARLYLE
CHEYNE CAPITAL
COVIVIO
DAA Capital
DENTRESANGLE INITIATIVES
FRIEDLAND INVESTISSEMENTS
GENERALI REAL ESTATE
GROUPE LES ETINCELLES / ALTITUDE RESORT DEVELOPMENT
Groupe Panhard
HELABA (real estate financing)
HIG CAPITAL SOGARIS (real estate financing)
ICG (Intermediate Capital Group)
JC DECAUX
KEYS REIM
KORIAN
LA FRANCAISE AM
LA FRANCAISE REAL ESTATE PARTNERS
Les Etincelles
LOKALIS
MATA CAPITAL
MIRABAUD ASSET MANAGEMENT
NEXITY
Novaxia
OXENWOOD
PERIAL ASSET MANAGEMENT
PITCH PRMOTION
PRIMONIAL REIM (real estate and real estate financing)
PSA
REALTERM
SCOR (Real estate financing)
SOGARIS (real estate financing)
STAYCITY
TIKEHAU (real estate and real estate financing)
VGP
VINCI
Principaux dossiers
- Advised Primonial REIM on the transactional and financing aspects of the acquisition of a portfolio of 33 residential facilities for the dependent elderly (EHPAD), the largest EHPAD portfolio transaction of the year.
- Advised ICG in the off-market acquisition and financing of a portfolio of 26 assets, totalling approximately 100,000sqm of distribution space, fully leased to private and public players.
- Assisted AXA Real Estate Investment Managers in connection with the implementation of financings granted to funds managed by Axa Real Estate Investment Managers for a global amount of debt of €575m.
Gide Loyrette Nouel A.A.R.P.I.
Gide Loyrette Nouel A.A.R.P.I.‘s team is co-headed by Frédéric Nouel, who is described as the ‘cornerstone of the real estate practice’ at the firm, alongside the ‘highly experienced’ Eric Martin-Impératori
. Its workload ranges from advising its significant client list across a range of industry sectors on high-profile and high-value development and financing projects, significant renovation works and acquisitions. A standout example of the former being its assistance to Unibail Rodamco Westfield regarding the €700m construction of the Triangle Tower, the first skyscraper to be erected in the capital since the 1970s. The strength of expertise in the team comes from Renaud Baguenault de Puchesse , who specialises in advising international investors with French transactions; Hugues Moreau; Christopher Szostak ; structured finance expert Rémi Tabbagh; and Laetitia Lemercier . Partner Kamel Ben Salah departed the firm in October of 2022.
Responsables de la pratique:
Frédéric Nouel; Eric Martin-Impératori
Autres avocats clés:
Renaud Baguenault de Puchesse; Rémi Tabbagh; Hugues Moreau; Christopher Szostak; Laetitia Lemercier; Eric Martin-Imperatori; Bertrand Oldra; Jean-François Levraud; Nicolas Planchot; Constantin Miliotis; Cléopha Thomann; Bertrand Oldra; Etienne Chesneau; Sibylle Chomel de Varagnes; Frederic Nouel; Bertrand Garrandaux
Les références
‘Hugues Moreau, Eric Martin-Impératori and very promising partner Cléopha Thomann are key players in the market, whom deliver legal services of exceptional quality.’
‘Bertrand Oldra is extremely useful in negotiations, with a great ability to be firm in positions whilst knowing how to propose solutions to reconcile the constraints of the the different parties involved. Etienne Chesneau is also an excellent and very hardworking practitioner.’
‘Bertrand Oldra is extremely responsive, pushing research to provide an understanding of the subject, including risks and issues, allowing the client to have a fairly detailed and precise understanding of the problem addressed. They know how to quickly formulate recommendations but remain very attentive and adapt their recommendations with a real concern for final efficiency.’
‘Nicolas Planchot provides exceptional transaction management and commercial advice.’
‘Hugues Moreau is collaborative, creative, passionate, honest and excellent overall; Sibylle Chomel de Varagnes is very clearly a future leader in her field, an excellent lawyer, and always available to the client; Nadège Nguyen displays perfect mastery of the law, is excellent negotiator who forms excellent client relationship.’
‘Constantin Miliotis and Eric Martin-Imperatori are highly experienced lawyers in complex real estate transactions. Their strengths are unique expertise, strong responsiveness, valuable assistance in negotiating contracts and availability at all times.’
‘Christopher Szostak and Bertrand Garrandaux have a great ability to anticipate possible obstacles to a transaction and to propose innovative solutions. Chistopher Szostak is also very comfortable with the international dimension of certain issues.’
‘Frederic Nouel is the cornerstone of the real estate practice at Gide. He knows the actors and practices perfectly. He knows how to combine a sense of negotiation, understanding of the issues and ability to conclude combined with an excellent knowledge of the legal issues.’
Principaux clients
Colt Technology Services
Seafrigo
Accor
AEW Europe
Allianz
Altarea
Amundi Immobilier
Angelo Gordon
Ardian
Aviva Real Estate Investors N
Bouygues Immobilier
Brookfield
BNP Reim
Casino
Crédit Suisse
Goldman Sachs
Greystar
Hammerson
Icawood
Ivanhoé Cambridge
JP Morgan
KKR
Klépierre
Lonestar
Mercialys
Oxford Properties
Paref
Primonial Reim
Schroders Reim
Total SA
Unibail-Rodamco Westfield
Union Invest
Woodeum
Nuveen
Infrared Capital Partners
MACSF
Paris Inn
Domus Vi
Principaux dossiers
- Advised the CDC Habitat group in the setting up of a dedicated investment vehicle (Lamartine) of 7,600 housing units.
- Advised Unibail Rodamco Westfield for its landmark €700m Triangle Tower project which is a 90,000sqm and 180m-high skyscraper to be erected in Paris, the first since the 1970s.
- Advised Colonies in the negotiation and setting up of a global and disruptive partnership with the alternative investment fund Ares Management, providing for the allocation to Colonies of €1bn to invest in real estate.
Lacourte Raquin Tatar
Jean-Jacques Raquin is at the helm of the real estate practice at Lacourte Raquin Tatar. The team has a wide-ranging expertise in the area, with a particular focus in advising on high-profile share deal acquisitions involving high-values in Paris. Further, the practice regularly advises its notable clients on negotiations and contractual regulations regarding sale and leaseback transactions, negotiations and formalities. Partner Cyrille Bailly leads on many of the strongest acquisitions being advised on by the team, a strong example of this standout work saw him advise Oxford Properties on the share-deal sale of the Metronome building, in Paris. ‘Guillaume Jeannet , ‘a big name in the Parisian market‘, and the ‘extremely versatile’ Emilie Capron are key specialist members of the offering, as is Chloé Thiéblemont.
Responsables de la pratique:
Jean-Jacques Raquin
Autres avocats clés:
Cyrille Bailly; Guillaume Jeannet; Emilie Capron; Damien Grosse; Alexis Le Liepvr; Chloe Thieblemont; Renaud Rossa; Clémentine Castel; Jean Yves Charriau
Les références
‘Guillaume Jeannet is one of the big names in Parisian real estate. He combines many qualities and is one of the rare lawyers able to shine both by technical mastery of the subjects but also by his qualities as a negotiator. A very well-rounded lawyer.’
‘It is very pleasant to work with Emilie Capron because she is extremely versatile and likes to confront new problems. This makes her a very good partner in the conducting of deals because we can count on her to adapt to the different facets of transactions.’
‘The Lacourte Raquin Tatar team is client-centric and offers its clients specialist advice in each area of law, with monitoring and coordination carried out by its associates. Several collaborators bring their expertise in order to provide the best overall analysis of the files.’
‘Beyond their strong expertise, the partners and collaborators of LRT do not hesitate to get involved in the negotiations to best defend the interests of their clients. Notable partners and lawyers are Jean-Jacques Raquin and Renaud Rossa.’
‘Excellent practice, recognised on the French market and made up of experienced professionals. The team offers a complete scope of practices (transaction, town planning and taxation) which allows them to effectively support their clients on real estate projects.’
‘Guillaume Jeannet and Clémentine Castel provide Excellent advice on real estate and transactional matters – they provide excellent advice, always accompanied by a business vision, with an excellent understanding of pan-European issues.’
‘The team led by Jean-Jacques Raquin with Renaud Rossa is amongst the best teams in the market.’
‘Jean-Jacques Raquin is unfailingly calm and diplomatic while being uncompromising on the essentials. He is a real deal maker, always driven by the interests of his clients, with great legal competence and rigour.’
Principaux clients
Aermont Capital LLP
Allianz
Altarea
Amundi
Angelo Gordon
ARDIAN
Atland
AXA IM
Bayern LB
BNP Paribas
CDC Habitat
EDF
Gecina
Groupama Immobilier
Groupe Lagardère
Hines France
Immochan
JP Morgan AM
LaSalle Investment Management
Novaxia
Oxford Properties
Poste Immo
Primonial Reim
SFL
Stellantis
The Student Hotel
Tikehau IM
Tivoli Capital
Tristan Capital Partners
Unibail-Rodamco Westfield
Westbrook
Woodeum
Principaux dossiers
- Advising Oxford Properties with respect to the share deal sale of the Metronome building in Paris, on behalf of the pan-European Generali Europe Income Holding fund.
- Advising EDF, via its subsidiary La Gérance Générale Foncière (GGF), in connection with the transfer of a portfolio of 16 residential buildings in Paris and the Ile-de-France region.
- Advising LaSalle Investment Management with respect to the sale to CNP Assurances, as represented by La Française, through a share deal of an office building located rue Bayard in Paris.
Allen & Overy LLP
Jean-Dominique Casalta heads the practice at Allen & Overy LLP, which is equipped to handle high-value work in the field for various key clients, predominantly in France though with some cross-border presence. There is a clear specialism in advising on the financial aspects of real estate deals, a standout example being its work advising on a€1bn bridge loan for the acquisition by CNP Assurances of the majority of a company holding more than 7,600 residential assets, to CDC Habitat. Partner Julien Roux has particular expertise in this area, namely in structured finance and debt restructurings. Further, the team advises its clients on negotiations regarding the lease and sale of well-known buildings in Paris. Frédéric Jungels departed to Bryan Cave Leighton Paisner in October of 2021.
Responsables de la pratique:
Jean-Dominique Casalta
Autres avocats clés:
Julien Sébastien; Guillaume Valois; Julien Roux; Antoine Sarailler; Brice Henry; Xavier Jancène; Caroline Delavet; Antoine Chatry
Les références
‘Great responsiveness, quality of work, availability and technical accuracy in the team.’
‘Antoine Chatry is a noteworthy team member.’
Principaux clients
Acofi Gestion
Action Logement
Allianz Real Estate
Apollo
Atream
AXA REIM
Bain Capital
Berlin Hyp AG
BNP Paribas
CBRE Global Investors
Celes RE
Cheyne Capital
Citi
Colony Capital
Corestate Capital
Deutsche Bank
DRC Capital LLC
DWS Grundbesitz GmbH (Reef Investment)
Etoile Properties
Eurosic
GECINA
Generali
Goldman Sachs
Goodman France
Groupama Immobilier
Groupe IDEC
H.I.G. Capital Inc.
HSBC
Icade
ING
Ivanhoé Cambridge – Caisse de Dépôt et de Placement du Québec
JP Morgan Asset Management
Katara Hospitality
King Street
La Banque Postale Asset Management
Natixis
Nokia
PAREF Group
PFA Pension
Proudreed
Samsung
Schroders
Selectirente
Sienna Real Estate
Société Générale
Sogecap
State General Reserve Fund of Oman
Tristan Capital Partners
TwentyTwo Real Estate
Unibail-Rodamco-Westfield
Principaux dossiers
- Advised Cheyne Capital on the financing of the majority acquisition by Lone Star, of Green City Immobilier.
- Advised Groupama Immobilier in connection with the call for tenders opened by SOLIDEO and then the acquisition in VEFA of part of Sector E of the future Olympic and Paralympic Village.
- Advising BNP Paribas REIM France on the signing of an agreement with The Olayan Group to act as asset manager for the Paris Etoile Portfolio.
Archers A.A.R.P.I.
Archers A.A.R.P.I.‘s team works on impressive and consistently high-value matters for clients including French and overseas-based financial institutions and banks, institutional investors and specialised operators. It regularly advises said arrangers and lenders on notable acquisitions and financings, involving significant commercial assets. The team predominantly assists on regional matters, but has a strong ability to advise international clients on French deals, an example of which being its representation of US-based company Invesco regarding its acquisition of two Parisian buildings. Avi Amsellem and Arnaud Moutet co-lead the practice, with partner Jean-Maurice Gaillard leading on many of the team’s most complex matters also. Paul-Henri De Cabissole has significant expertise in all aspects of financings.
Responsables de la pratique:
Avi Amsellem; Arnaud Moutet
Autres avocats clés:
Jean-Maurice Gaillard; Paul-Henri de Cabissole; Marlène Benoist Jaeger; Raphaële Cremona
Les références
‘A very business-oriented team, which adapts and reacts to the needs of the client. Communication within the team is fluid and it is competent in all areas related to transactions and property management.’
‘Arnaud Moutet is very present and competent in a variety of fields.’
‘Very pragmatic, Arnaud Moutet uses very practical approaches, which speed up and simplify things for the client.’
‘Arnaud Moutet deserves special mention for her consistently taking the time to understand the final objectives of a client’s requests – she knows when a matter is worth pushing on.’
‘A good capacity for legal innovation amongst the team, which has high availability and responsiveness.’
Principaux clients
Primonial
Invesco
Amundi
BC Partners
Nuveen
Colony Capital
Ares Management
Groupama REIM
Weinberg Capital Partners
Union
Altarea
La Française REIM
Natixis
Cheyne Capital
Crédit Agricole Corporate & Investment Bank
CIC – Lyonnaise de Banque
Sociéte Générale
La Banque Postale
BNP Paribas
Banque Européenne du Crédit Mutuel
Sofidy
Black Swan Capital
DLA Piper
DLA Piper‘s practice has impressive expertise in transactional and financial real estate work and is described as offering ‘a level of service that is difficult to beat’. It is equipped to handle transactional and development-related real estate work including multi-asset portfolio acquisitions for its clients, as well as advising on due diligence matters, negotiations and contracts involving share purchase agreements of significant value. Erwan Lacheteau has strong expertise in relation to real estate financing, having acted on high-value financings and refinancings in cross-jurisdictional cases. Myriam Mejdoubi heads the offering and is supported by experienced partner Antoine Mercier. Former team lead Olivia Michaud departed to GALM Avocats in December of 2021.
Responsables de la pratique:
Myriam Mejdoubi
Autres avocats clés:
Antoine Mercier; Erwan Lacheteau; Gabriel Dalarun; Romain Guenin; Emilie Rees; Kevin Elbaz
Les références
‘They are a talented team in the market and they offer a level of service that is difficult to beat.’
‘Antoine Mercier is a very good lawyer, whom advises clients on cross-border portfolio acquisitions, with particular experience in industrial assets. Myriam Mejdoubi is a formidable lawyer: she is pragmatic, business-oriented, whom always seeks to solve problems. She has extensive experience in the acquisition and development of logistics assets and real estate development.’
‘The team at the head of DLA’s real estate practice knows how to respond effectively to the concerns of its clients, approaching each subject from a pragmatic angle. It is very valuable to have all the keys in hand to make the best decision in a short time.’
Principaux clients
THE BLACKSTONE GROUP INTERNATIONAL PARTNERS
CARLYLE
GAZELEY / GLP
brookfield
AMUNDI
AVIVA
AXA REIM
HARBERT MANAGEMENT CORPORATION
aew
HARRISON STREET
PAtrizia
Oxford Properties
Caisse de dépôts et consignations
Bentall Greenoak
Intermediate Capital Group (ICG)
m-Seven
AEROPORTS DE PARIS
icade
VALOR REAL ESTATE PARTNERS
FORTRESS INVESTMENT GROUP
Principaux dossiers
- Advised Blackstone on the indirect acquisition from Valor of a pan-European portfolio composed of 31 assets located in France, UK and Germany.
- Advised GLP on the indirect acquisition from AG Real Estate of a more than 100,000sqm logistic complex located in Saint Martin de Crau.
- Advising Harbert in connection with the construction of a 110,000m² warehouse in Beauvais, namely with the negotiation of the development agreement and aspects involving the purchase of land.
Linklaters
Françoise Maigrot, noted as ‘one of the best Parisian lawyers’, leads the team at Linklaters, which has a strong ability to handle both domestic and cross-border real estate matters. The practice has the unique ability to collaborate internationally with teams in the wider firm, and also often collaborates in-house with specialists in tax, M&A and restructuring, to provide a full-coverage service to clients. It advises on sale and leaseback investments, negotiations of contracts in construction and development matters and on acquisitions. Though it deals with a variety of assets, significant Parisian office buildings prominently feature in the team’s matters.
Responsables de la pratique:
Françoise Maigrot
Autres avocats clés:
Saadoun Alioua; Camille Lapeyre
Les références
‘Françoise Maigrot is one of the best Parisian lawyers and has been for many years. Saadoun Alioua is a young lawyer already huge in talent.’
‘The real estate team is very responsive, specialist and available to respond to requests, within tight deadlines.’
‘Françoise Maigrot has an in-depth knowledge of real estate law, a strong ability to negotiate, atop availability and responsiveness.’
Principaux clients
Ardian Real Estate
BMO Real Estate (now Columbia Threadneedle Real Estate)
Invesco Real Estate
Northwood Investors
Vitura
Barings LLC
IGIS
Sogecap
Bank of America
Balzac REIM
JR AMC
Goodman
Mandarin Oriental
Ramsbury
PSP Investments
Smart IM
Zurich Insurance Plc
Round Hill Capital
BNP Paribas Real Estate Investment Management
Neovia Logistics
EPF
Shurgard
Incus Capital Advisors S.A.
CBRE Global Investors
King Street Capital Management, LP
SEDCO Capital
Tristan Capital Partners
JP Morgan
NW Storm
BAE Systems Pension Funds
Elevations Partners
Lasalle Investment Management
DWS Grundbesitz GmbH, Paris Branch
HSBC
Credit Suisse
National Australia Bank
Swiss Life
Nuveen Real Estate Management Limited
Principaux dossiers
- Advised Ardian Real estate Fund in the setting up of a joint venture with AOG and Emerige through a special purpose vehicle under the form of an FPS, for the carrying out of a major development at Ile Seguin in Boulogne Billancourt.
- Advised BAE Systems Pension Funds on a long-term real estate equity partnership with Korian, Europe’s leading care services group for elderly and fragile people.
- Advised Tristan Capital Partners on the acquisition, comprising six office buildings in Charenton-le-Pont, from two French institutional investors, in a share deal.
LPA-CGR avocats
The practice at LPA-CGR avocats is led by Silke Nadolni . It ably advises its extensive client list on a broad range of matters, supporting on matters at all stages of projects involving a broad array of assets, with a solid knowledge of all value chains of the sector. Its most impressive mandates regularly involve assisting on high-value sales and acquisitions in Paris, of large-scale residential sites, Hassan Javanshir has a particular specialism in finance. Partner Sidonie Fraîche-Dupeyrat , described as ‘one of the best practitioners in the field’, has an in-depth knowledge of the sector, and a portion of her workload is formed of sales litigation matters. Florence Defradas specialises in the hotel side of real estate. Finance partner Alexae Fournier- de Faÿ departed to Jeantet in November 2022.
Responsables de la pratique:
Silke Nadolni
Autres avocats clés:
Florence Defradas; Francois Regis Fabret Falret; Sidonie Fraîche-Dupeyrat; Hassan Javanshir; Géraldine Pedelièvre; Hélène Cloëz; Aurélie Dauger; Sandra Fernandes; Pascaline Déchelette-Tolot; Stephan Lesage-Mathieu; Priscilla Carron de la Carrière; Julie Weiss; Lanier Fleishman Caruso
Les références
‘The LPA team is very responsive, available and attentive to our needs. The reports are excellent in both substance and form. Finally, their interventions during negotiations are always well-chosen and formulated.’
‘Silke Nadolni manages his team brilliantly and always makes himself available.’
‘We mainly work with Sidonie Fraîche-Dupeyrat, a partner who specialises in residential real estate and is certainly one of the best practitioners in the field.’
‘Priscilla Carron is an expert in the field, efficient, simple and available.’
‘Over the years we’ve experience high performance throughout complex processes, even in intense matters. There is a good combination of young and senior team members with different backgrounds, approaching complex situations in various ways.’
‘High commitment, dedication and knowledge, amongst experienced staff, namely Silke Nadolni.’
‘A team that knows how to organise itself according to the needs of its clients, by calling on the various departments if necessary in a coordinated way, which greatly facilitates the relationship and the follow-up of the file.’
‘Hélène Cloëz does not hesitate to clearly state the risks and chances of success of a file, which greatly facilitates decision-making for the client.’
Principaux clients
ABERDEEN STANDARD INVESTMENTS
ADP
AG2R LA MONDIALE
AXA INVESTMENT MANAGERS REAL ASSETS
BANK OF CHINA*
BARINGS REAL ESTATE
BERLIN HYP *
BNPP*
CEETRUS
CREDIT SUISSE
DEKA IMMOBILIEN
DEUTSCHE PFANDBRIEFBANK AG (PBB)*
DWS
EDF
ENEDIS
GINKGO
GROUPAMA IMMOBILIER
MATA CAPITAL
OSAE PARTNERS
PRIMONIAL REIM
RAIFFEISEN
R+V Lebensversicherung AG*
REAL IS
SOCIETE GENERALE*
UBS ASSET MANAGEMENT REPM
UFF (AVIVA GROUP)
SOCIETE GENERALE
Baker McKenzie
Baker McKenzie‘s real estate practice has Marc Mariani at its helm. It is experienced in handling the full scope of real estate matters for its clients who span various industry sectors. Its cases include advising on the negotiations surrounding high-value lease agreements, the refurbishment, restructuring and acquisition of buildings in notable areas. It advises on a multitude of asset types, namely hotels, retail and office buildings. Further to its transactional advice, the team is also equipped to assist with tax-related issues which may arise. Notably, Maria Batlouni, specialist in corporate law, real estate investments and finance, with particular experience in real estate matters involving hotels, has been appointed counsel as of December 2022.
Responsables de la pratique:
Marc Mariani
Autres avocats clés:
Hervé Jégou; Maria Batlouni
Les références
‘A team that is highly committed to the needs of individual clients, and attuned to the issue and risks in the Paris real estate market.’
‘Marc Mariani and Maria Batlouni are intricately involved in all legal matters on our portfolio, and as such they are integral to the management of our legal affairs. They show commitment to us that I have yet to experience from another legal team.’
‘The real estate team is extremely knowledgeable and very reactive. They are also extremely friendly and it’s been a real pleasure to spend so many hours with them.’
Principaux clients
AEW
BNP Paribas REIM
CDC Investissement Immobilier
Generali Real Estate
Groupama Immobilier
Invesco
Kering Group
King Street
LaSalle Investment Management
Lidl
NH Investment
Poste Immo
Scaprim
Société Foncière Lyonnaise (SFL)
SOGECAP
ORPEA
Groupama Gan REIM
WP Carey
Swiss Life
Principaux dossiers
- Advised Sofidy on its completion of an institutional club deal with the acquisition of two retail assets in the 13th arrondissement of Paris and in Bègles for €153m.
- Advised CDC Investissement Immobilier in the acquisition on behalf of Caisse des Dépôts of 50% of the Easy building located in the 9th arrondissement of Paris.
- Advised The Olayan Group in the signing of an agreement with BNP Paribas REIM France to act as asset manager of the “Paris Etoile Portfolio”.
BG2V
Specialist in real estate purchase and sale transactions Quentin Leroux, described as a 'brilliant lawyer', leads the practice at BG2V. Much of the team’s work involves advising on high-value sales and completions on real estate of considerable size, an example being assisting Alios on the €100m sale of a subsidiary of the Allianz group; assisting on acquisitions of portfolios holding multiple assets; and advising on all aspects of development projects, including contracts and negotiations. Counsel Woody Guirand is a specialist in the area, and a key asset to the team.
Responsables de la pratique:
Quentin Leroux
Autres avocats clés:
Jean-Sébastien Dumont; Woody Guirand; Aurélien Bregou
Les références
Quentin Leroux, partner since 2021, is reliable and his interventions are particularly appreciated in the context of acquisitions, disposals or rentals of properties. The team that surrounds him is young and dynamic.’
‘Simplicity, pragmatism, pedagogy and, above all, friendliness are key amongst team members, particularly Quentin Leroux, Jean-Sébastien Dumont and Woody Guirand.’
‘Quentin Leroux is a brilliant lawyer and an excellent negotiator, who perfectly grasps the constraints of his clients; he is a real deal-maker.’
‘Great adaptability in the team, who focus on the significant legal risks so as not to delay the signing of the contract, which enables signings in record time.’
‘Quentin Leroux is particularly accessible. Her constructive and caring approach makes negotiations pleasant and fluid. It is so much more pleasant to sign a contract in an atmosphere of trust and mutual respect! I also recognize a perfect transparency in the workload of the team.’
‘Quentin Leroux and Woody Guirand were available and involved.’
‘Very business-oriented as a team, with good interpersonal skills in negotiations.’
‘Quentin Leroux and Woody Guirand and very responsive, available and business-oriented.’
Principaux clients
AEW
ALIOS
ALTAREA
AVIVA INVESTORS
AXA
AXTOM GROUPE
BOUYGUES IMMOBILIER
BOWERY EUROPE
BLEU MERCURE
BPIFRANCE
CAVP (Caisse d’Assurance Vieillesse des Pharmaciens)
CAISSE DES DEPOTS ET CONSIGNATIONS
CARYATID AM
CBRE INVESTMENT MANAGEMENT
COLLIERS
CONSTRUCTA
DEUTSCHE BANK (now DWS)
DTZ INVESTORS
ELECTROLUX
ETAM
EXANE
GECINA
GDG INVESTISSEMENTS
GROUPE DUVAL
HEC Business School
HERNO
ICADE
ICAM School
IMPALA
IMMOVALOR GESTION (Allianz Group)
JLL (JONES LANG LASALLE)
KAREG
KEYS REIM
KLEPIERRE
LIBERTY REAL ESTATE
LOGICOR (Blackstone / CIC)
LOGISTICS CAPITAL PARTNERS
MONTEA
MOUNTPARK PROPERTIES
MUREX
NUVEEN
PERIAL AM
PEPSICO
PHOENIX TOWERS INTERNATIONAL
PREDICA
SCAPRIM
SCHRODERS
SCIENCES PO
SOFIDY
SOGECAP
SOREMI
SPIRIT
VAILOG (Segro group)
VIRTUO
Principaux dossiers
- Advised ALIOS on the sale in future state of completion (VEFA) of the Le Passage building with an approximate value of €100m.
- Advised NUVEEN REAL ESTATE in the context of the acquisition, on behalf of its European logistics platform, of two portfolios of last mile logistics real estate comprising 17 assets with an approximate value of €80m.
- Advised LOGICOR, as landlord, to the conclusion of 3 commercial leases with SIMASTOCK relating to three warehouses in the Hauts-de-France region.
Bryan Cave Leighton Paisner
Bryan Cave Leighton Paisner‘s practice was established in 2020 is ably led by Henry Ranchon. It is very experienced and offers a broad range of expertise to such notable clients as Axa, on a multitude of major transactional projects, covering the acquisition of high-value assets; investments; leases; developments; and tax matters. It offers a well-rounded service to its clients through its interdisciplinary abilities. Partner Pierre Popesco bolsters the expertise in the team and leads on many of its most complex matters. Recent real estate specialist additions to the team include partner Frédéric Jungels, formerly of Allen & Overy LLP, who joined in October of 2021 and Anne Richier, who joined from De Pardieu Brocas Maffei in September of 2022.
Responsables de la pratique:
Henry Ranchon
Autres avocats clés:
Pierre Popesco; Laurent Schittenhelm; Christine Daric; Peter Schäfer; Michel Koutsomanis; Olivier Mesmin; Frédéric Jungels; Anne Richier,
Les références
‘The team is able to cover all aspects of developing real estate law across jurisdictions.’
‘Pierre Popesco has a very strong notoriety. He is a deal-maker, whom is also pragmatic, gives very good advice, and harnesses a strategic vision.’
‘BCLP’s real estate practice listens to its clients and their needs. They work fast and well. They respect deadlines (even short ones!) as well as budgets, which is much appreciated by clients.’
Principaux clients
Aspelin Ramm
Pegase Partners
Icade
Immovalor Gestion
Axa
Eiffage Concarneau
Five Arrows Principal Investments
Cheyne Capital
ANFA
Dechert LLP
Dechert LLP ‘s practice is formed of real estate finance specialists, led by Privat Vigand, whom is noted for his ‘excellent knowledge’ of the subject. It is equipped to advise its notable clients on financial matters of considerable value, advising on the financing and refinancing of acquisitions involving portfolios of multiple assets; a key example being its assisting of Natixis on such a deal, valued at €218m. Many of the team's matters are cross-border in nature.
Responsables de la pratique:
Privat Vigand
Les références
‘The team benefits from an excellent knowledge of real estate financing and complex transactions, involving multi-borrowers and multiple jurisdictions.’
‘The partner Privat Vigand combines an excellent knowledge of real estate financing with knowledge of LBO-type financing, which makes him very specialized and competent on particularly complex structurings. He is also very calm and didactic in exchanges, whether with his client or the opposing party, which allows a quality and productive exchange without tension.’
Principaux clients
BNP Paribas
Crédit Agricole CIB
ING Bank
Natixis
Amundi Asset Management
Principaux dossiers
- Advised Natixis on the financing of the acquisition by Powerhouse Habitat of a residential portfolio of 16 assets from EDF valued at €218m.
- Advised Crédit Agricole CIB in connection with the financing of a portfolio of five student residences from Uxco Group.
- Advised Amundi Asset Management in connection with the refinancing of the acquisition on a prestigious hotel in the 7th district of Paris sold by Colony Capital.
Dentons
Pascal Schmitz leads the team at Dentons, which ably handles a variety of complex matters for its significant client list, both in France and internationally; namely, the team has advised on pan-European portfolio projects in collaboration with various international offices across the broader firm and is equipped to advise on lease negotiations, construction projects and acquisitions. Véronique Lagarde and litigation specialist, noted for his ‘concrete approach’ to his matters, Maxime Simonnet , are key members of the team.
Responsables de la pratique:
Pascal Schmitz
Autres avocats clés:
Maxime Simonnet; Véronique Lagarde
Les références
‘We appreciate the services of this firm in defending our interests as a lessee, both for office and operating premises, for our most complex files.’
‘Maxime Simonnet shows a very concrete approach to the subjects he has to deal with and his calmness as well as his good mastery of the subjects are very much appreciated in sometimes tense negotiation situations.’
Principaux clients
Phoenix Tower International
DTZ Investors
KKR and GIP
BASF
BIC
Deka Immobilien
Argan
MG Real Estate
AIG
Redevco France
Marathon Asset Management (MAM)
Thomson Reuters
EQT Exeter
Revcap
STAM Europe
Ubisoft
Vectura
Principaux dossiers
- Avised Phoenix Tower International in connection with the acquisition of 203 mobile telephony towers and additional towers to be built over 10 years in the French West Indies.
- Assisted an OPCI managed by DTZ Investors REIM and advised by DTZ Investors France, on the indirect sale of the New Station building (Sud-Pont) located in the Montparnasse train station district in Paris.
- Advised Revcap in connection with the implementation of a bridge loan allowing Black Swan to buy an 1,800sqm building, and on the creation of a joint venture of an acquisition structure.
Franklin
Franklin‘s real estate team is led by François Verdot, who is described as ‘particularly distinguished in the field’. It advises an impressive catalogue of clients, such as real estate investor AEW, on significant transactional and financial matters. Work includes negotiations for leases in popular Parisian areas, all aspects of the development and delivery of commercial buildings, and the establishment of related joint ventures. The team has grown considerably in recent years, and the November 2022 arrivals of specialist in hospitality-related real estate Géraldine Machinet and valuation and development specialist Philippe Riglet from CMS Francis Lefebvre continued this trend.
Responsables de la pratique:
Autres avocats clés:
Philippe Bouillon; Géraldine Machinet; Philippe Riglet; Jérémy Goldblum; Vincent Martinet; Jérémy Chiche
Les références
‘The real estate team at Franklin have a great expertise in real estate law as well as a real sagacity to identify legal strategies. The precision of their analysis gives real confidence to clients.’
‘Expertise, reliability and pugnacity are standout features of the firm; François Verdot is particularly distinguished in the field.’
‘Good responsiveness, fluid collaboration with the client and measured invoicing.’
Principaux clients
AEW Europe
Allianz Real Estate
Alsei
Conforama
Covivio
Danone
Deutsche Bank
Financière ID / Groupe ID Logistics
Gecina
Groupama Immobilier
Groupe Casino
Groupe Duval
Groupe Galeries Lafayette
GSE
KUEHNE+NAGEL
Mapletree
Mata Capital
Nexity
Panattoni
Panhard
Paref
Poltrone Sofa
Prologis
Renault
Round Hill Capital
Schroders
Principaux dossiers
- Advised Panattoni on its first investment in France.
- Advised La Redoute on 3-phase construction of a 110,000 sqm warehouse.
- Advised Renault on the sale and leaseback of a 153,000 sqm logistics platform.
Jones Day
Jones Day is described as having an ‘exceptional ability to provide exhaustive legal support’ to its clients, and is headed by Erwan Le Douce-Bercot; the team is supported by partner specialists in tax, financing and public law, which enables the provision of a well-rounded service. It handles a broad array of real estate work, including the acquisition and sale of assets and portfolios, leasing and asset management, construction and development projects and urban planning, as well as real estate litigation. Of counsel Flavia Poujade is one to watch in the team.
Responsables de la pratique:
Erwan Le Douce-Bercot
Autres avocats clés:
Carol Khoury; Solène Maulard; Flavia Poujade
Les références
‘Jones Day is able to support us on a variety of real estate subjects: from the most classic to the most complex. The operation of the team is clear to the client, and we appreciate the fact that we can mobilize Jones Day teams in a broad or targeted manner according to our needs, without loss of efficiency and with price transparency.
‘Erwan le Douce Bercot and Pauline Ezcurra have great knowledge of the sector, and offer sound advice for litigation and acquisition of assets cases.’
‘The Jones Day real estate team has extensive experience in acquisitions, sales and commercial leases. It always demonstrates responsiveness and pragmatism. In addition, it works in a very integrated way with the other departments, especially if a need arises in terms of the environment or taxation.’
Principaux clients
AGC Equity Partners
Casino Guichard Perrachon
Crossbay France
Framatome SAS
Goldman Sachs
Heart of La Défense (subsidiary of a consortium led by Amundi)
La Française
MARK Capital Management Limited
Présidence de la République du Togo
Redblue Real Estate
Sanofi
Sherwin Williams
Simpson Manufacturing Co., Inc.
Tempur Sealy
TotalEnergies SE
Unibail-Rodamco-Westfield
Principaux dossiers
- Advised MARK on the pan-European acquisition from Thor Equities of a portfolio of 8 logistics assets.
- Advised Unibail Rodamco Westfield in the negotiation and drafting of several leases related to the commercialization of the brand new Trinity building in La Défense tower.
- Advised Crossbay France on the acquisition of several logistics assets located throughout France. We also advised on their asset and rental management post-acquisition.
Mayer Brown
Mayer Brown‘s real estate offering is well-known for its ability to handle high-value acquisition and disposal matters, and often works in collaboration with the banking and finance team in order to thoroughly advise clients. Namely, it recently advised Europa Capital on the establishment, financing and acquisition of a first portfolio of light industrial properties across France. In addition, it frequently advises on investment and development transactions. Alexandre Poupard, who has particular expertise in acquisition and disposal matters, leads the practice alongside Erwan Heurtel, a lawyer recognised for his real estate work in the hospitality sector especially.
Responsables de la pratique:
Alexandre Poupard; Erwan Heurtel
Autres avocats clés:
Déborah Gelblat; Wladimir Mange; Maud Bischoff; Olivier Parawan; Vincent Nédellec
Les références
‘The team has great knowledge, a very pragmatic and commercial approach, and is very reactive and available. They are a pleasure to work with and provide great comfort during an acquisition process.’
‘Alexandre Poupard and Déborah Gelblat are both very professional, personable and pleasant to work with. Second-to-none for real estate related advice.’
‘Strong collaboration between teams across Mayer Brown along with a strong dedication to complete the tasks and meet deadlines.’
Principaux clients
AM Alpha Kapitalverwaltungsgesellschaft
ARA Europe
B&B Hotels
Balzac REIM
Coffim
Cromwell Property Group
Enany group
Europa Capital
Groupe Wane
Hines France
La Française REM
LaSalle Investment Management
Lone Star Funds
Union Bancaire Privée
Westmont Hospitality Group
Principaux dossiers
- Advised La Française REM in connection with the setting up of a joint venture for the joint acquisition of the 20,275 sq.m. Alphabet building located in Bois Colombes.
- Advised Lone Star Funds in connection with the acquisition of GreenCity Immobilier, a real estate developer.
- Advised Europa Capital’s value-add fund in connection with the setting up of a French Light Industrial Platform with DeA Capital Real Estate and the financing of the acquisition of a first portfolio of light industrial properties, located in France.
Orrick
Patrick Tardivy , Olivier Jouffroy and Carine Mou Si Yan lead the team at Orrick where there is a financing specialism across the practice and its members. It is equipped to handle creation, construction and renovation matters alongside high-value acquisitions and development projects. A standout example of its work in this area is its involvement in financial advising of BCPE on a €1.5 billion acquisition project, the securitisation of which from each of the sellers, is intended to be used to finance or refinance energy efficient buildings.
Responsables de la pratique:
Patrick Tardivy; Olivier Jouffroy; Carine Mou Si Yan
Autres avocats clés:
Geoffroy Berthon; Yves Lepage
Principaux clients
3i European Operational Projects Fund (3i EOPF)
3i Group Plc
Alcentra Limited
Alliages et Territoires
Allianz Global Investors
Almaviva Capital
Antin Infrastructure Partners
AXA Investment Managers – Real Assets
BPCE
CDC-CDC Habitat-Icade Promotion
Equinix Hyperscale 1 Holdings BV
Fayat
Fidera Limited
Island Global Yachting
LBO France
Société Générale
Principaux dossiers
- Advised BPCE and Natixis as joint arrangers on Groupe BPCE’s first public “green” securitisation of residential loans, which, at €1.5bn, was the largest transaction of its type by a French issuer to date.
- Advised the winning consortium led by Fayat and Island Global Yachting on the tender process for the €635m 30-year concession contract to renovate and operate the maritime real estate at Vieux Port de Cannes.
- Advised AXA IM Real Assets on its participation in the consortium to acquire German laboratory group Amedes – and all 90 of its laboratory sites – from Antin Infrastructure for c. €1.5bn.
Paul Hastings LLP
The real estate practice at Paul Hastings LLP has Jean-Louis Martin, an experienced practitioner, at its helm and he is ably assisted by specialist associates. Its workload spans a variety of high-value matters in this area, including advising such key clients in the French market as PowerHouse Habitat, on notable residential, office and hospitality sector acquisitions, regularly involving portfolios of multiple assets. Further, it assists clients on financing and refinancing assets, in predominantly domestic contexts.
Responsables de la pratique:
Jean-Louis Martin
Autres avocats clés:
Quentin Jobard; Tom Chanseau
Principaux clients
Abercrombie & Fitch
Bank of America Merrill Lynch
CDC
citizenM
CNP
Dell
Eurazeo Patrimoine
Fortress
FREO
Hardstone
Highgate
Hollister
Intermediate Capital Group (ICG)
JPMorgan
La Française
Powerhouse Habitat
SCAPRIM
Starwood Capital
Swiss Life Asset Managers
Tishman Speyer
Virtuo Industrial Property
sbkg & Associés
sbkg & Associés‘s team is led by Vincent Lassalle and Carol Santoni, the latter of whom joined the practice in September 2021 from Racine, and is noted as ‘excellent’. Further recent additions to the offering include real estate investment partner Louise Duvernois who also from Racine, and real estate tax partner Driss Tof, formerly of Arsene Taxand. Further, real estate finance partner Paul César joined the team from DWF (France) AARPI in August 2022. The practice is well-equipped to advise on high-value acquisitions, financing and refinancing matters, and leasing, honing its focus on Central Paris.
Responsables de la pratique:
Vincent Lassalle; Carol Santoni
Autres avocats clés:
Louise Duvernois; Driss Tof; Paul César; Bérengère Delsol
Les références
‘This team is very close to its clients and attentive to their points of view. It is capable of perfect market practice, whilst also being extremely creative.’
‘A perfect match of partners and associates; responsive, multilingual, reliable and responsible, with a range of specialisms throughout the team.’
‘Different languages and legal systems known and experienced by team members.’
Principaux clients
KanAm Grund
Anacap Financial partners
Covivio
Pramena Investment
Credit Agricole
Stam Europe
AG2R La Mondiale
Real I.S
Eurazeo
Black Swan Real Estate Capital
HLOG / Foncière Herrmann
Tristan Capital Partners
Vertiq Capital
Mediawan
Izivia
P3 Parks
Principaux dossiers
- Advised KanAm Grund Group on the acquisition of a Haussmann-style real estate complex; the operation amounted to €190m.
- Advised the British private equity fund Anacap Financial Partners and Pramena Investment on the acquisition and financing of the Galileo building from the CGG group.
- Advised REAL I.S. on the acquisition and financing of a portfolio of three senior residences from BNP PARIBAS REIM FRANCE.
Ashurst LLP
Philippe None leads the practice at Ashurst LLP, which has experienced has significant reshuffle recently, including the departures of Hassan Javanshir and Thomas Ehrecke to LPA-CGR avocats in October 2021 and January 2022 respectively, and of Patrick Gerry and some junior members of the team to Eversheds Sutherland (France) LLP in February 2022. In their place, specialist in acquisition, project and property financing, Eric Fiszelson, joined the team from Eversheds Sutherland (France) LLP in October of 2022. The team has expertise in advising its clients on the acquisition of prime real estate in Paris, predominantly hotel and office building-related assets.
Responsables de la pratique:
Philippe None
Autres avocats clés:
David Noblinski; Eric Fiszelson
Les références
‘The team is of high quality.’
‘Philippe None is well-recognized and has a extensive experience in real estate operations.’
‘Ashurst has a particularly efficient team; diligent and endowed with a keen practical sense.’
Principaux clients
M&G Real Estate
La Française Real Estate Managers (La Française REM)
Oxford Properties Group
Perial Asset Management (Perial AM)
Mr Gérard Brémond’s holding (PVCP)
Principaux dossiers
- Advised Oxford Properties Group on its partnership with Novaxia to invest €1bn in life science properties in France and on the first acquisition of an asset located in Romainville for a deal value of €110m.
- Advised M&G Real Estate on the acquisition of the prime office premises named RIO located Place de Rio in Paris for a deal value of €277m.
- Advised Perial AM on several acquisitions for an aggregate deal value of circa €400m.
August Debouzy
August Debouzy‘s practice was established in September 2021 with the joining of dual specialist in real estate and construction Guillaume Aubatier from King & Spalding in 2021; they were accompanied by specialist counsel Dorian Scemama and senior associate Malvina Dahan, who has a special focus on real estate transactions, commercial leases, construction contracts and asset management matters of high-value. The team frequently advises on the full range of factors surrounding real estate transactions on key real estate, particularly in Paris. Notably, founder of and former partner at AREA Avocats Antonia Raccat joined the team in February of 2023.
Responsables de la pratique:
Guillaume Aubatier
Autres avocats clés:
Dorian Scemana; Malvina Dahan; Alix Kianpour
Les références
‘A dynamic and available team, perfectly aware of the problems of a small structure like ours. They have expertise covering all of our issues.’
‘Guillaume Aubatier, Dorian Scemana and Alix Kianpour are particularly standout.’
Principaux clients
Envision
CNP Assurances
La Française Real Estate Partners
M&G Real Estate
Segro Plc
WeWork
Deka Immobilien GmbH
Diderot Real Estate
Novaxia
Banque Pictet
Inmark
Scaprim
Accuracy
Constructa Asset Management
Ingka Investment
Ikea
Clemium Real Estate
Hugo Boss
6ème Sens Immobilier
Paref Asset Management
Paris Society
Estée Lauder
Colliers Global Investor
EDF-ENR
Infarm
Hermès
ERM Environnement
Foncière du 8
France Gallop
La Plateforme Campus
Primonial
Volta Charging
Volta Truck
Ynsect
SARP (groupe Véolia)
Fondation Robert de Sorbon
Sostrene Grene
Aegide Domitys
Total
Lafarge
Gilson
Nike
Altara-Cogedim
Unibail-Rodamco
Burberry
Caisse des Dépôts et Consignations
Apsys
Principaux dossiers
- Advising M&G Real Estate on the acquisition under a forward sale and financing acquisition of a large logistic platform.
CMS Francis Lefebvre
CMS Francis Lefebvre‘ real estate team, noted for its ‘beyond superb subject matter expertise’ is co-led by Benjamin Bill, Florence Chérel and Aline Divo. Across the team, there is an evident and impressive specialism in acquisition and disposal work, as well as lease and sale negotiation. Additionally, it has a strong ability to advise on construction and development work, on which it assists both investors and developers, and joint venture projects. Former team co-lead Philippe Riglet and Géraldine Machinet both departed to Franklin in November 2022.
Responsables de la pratique:
Benjamin Bill; Florence Chérel; Aline Divo
Autres avocats clés:
Arnaud Valverde; Lena Tchakerian
Les références
‘Arnaud Valverde was extremely responsive in our case. His legal analysis of the issues encountered was precise and effective.’
‘Aline Divo’s team is excellent when it comes to commercial leases, and more particularly when it comes to BEFA negotiations. There is great availability of the partner and his collaborators. Billing is clear and transparent also.’
‘Aline Divo, the partner, and Arnaud Valverde, her senior associate, are distinguished by their high technicality and their human values. Aline Divo is an outstanding commercial lease negotiator who combines technicality and relational intelligence.’
‘This team has a high level of real estate expertise in France and is capable of handling anything related to real estate (big or small) in France with exceptional expertise and professionalism. I appreciate their willingness to handle a broad range of commercial real estate project scopes.’
‘Beyond superb subject matter expertise, the team’s responsiveness (despite significant time zone differences) is impressive. Their English skills and creative thinking also stand out. We have worked most closely with Arnaud Valverde and Aline Divo, both in partnership and collaboration.’
‘Florence Chérel stands out for her great competence and her know-how in town planning. Benjamin Bill stands out through his total commitment to his clients in terms of commercial leases and negotiation of real estate projects.’
‘Florence Chérel has extensive knowledge of advice and litigation, and excellent creativity and innovation skills; senior associate Lena Tchakerian has strong technical expertise and availability.’
‘A team close to its clients, that knows its files inside out. There is a great competence in town planning and commercial leases.’
Principaux clients
Union Investment Real Estate
BNP Paribas Real Estate
Deka Immobilien
Munich RE – MEAG
Sienna Real Estate
Paref Gestion
In’Li
UBS Real Estate
Leon Grosse
CitizenM
Principaux dossiers
- Advised BNP REIM on the acquisition of a retail park located in the Paris area from Compagnie de Phalsbourg.
- Advised Deka Immobilien for the acquisition of a fully refurbished office building located in the Paris CBD from Sienna Real Estate.
- Advised MEAG on the off-plan acquisition of a logistics project in the north of Paris.
Eversheds Sutherland (France) LLP
Eversheds Sutherland (France) LLP‘s team is led by specialist Christophe Sciot-Siegrist. It is well-equipped to advise its well-known clients, including Urban Outfitters, Microsoft and Prêt-à-Manger on a variety of real estate matters, particularly regarding high-value commercial lease and sale arrangements. It also ably advises international clients on matters of French law. The team has grown considerably, namely with the arrivals of partner Patrick Gerry and associates from Ashurst LLP.
Responsables de la pratique:
Christophe Sciot-Siegrist
Autres avocats clés:
Patrick Gerry; Eric Métais; Guillaume Hesse; Constance Guillaume
Principaux clients
Prêt-à-Manger
Johnson Control International
Microsoft
Expedia.com
CyrusOne
Urban Outfitters
Nouvelle Calédonie Energie
M3 Group Holding
OLOS Fund
Alcatel Submarine Networks
GALM Avocats
The team at GALM Avocats frequently advises its clients on a broad range of real estate matters. The practice has expanded significantly and is now led by a multitude of specialists in the sector, namely former head of DLA Piper, Olivia Michaud, who has a particular focus advising on the negotiation of high-value lease contracts. Other new arrivals include corporate expert Arnaud Guérin, and tax specialists Pierre Appremont and Pamela Lejeune, all of whom joined from Kramer Levin Naftalis & Frankel LLP in January of 2022.
Responsables de la pratique:
Pierre Appremont; Arnaud Guérin; Paméla Le Jeune; Olivia Michaud
Autres avocats clés:
Sébastien Bonami
Les références
‘Olivia Michaud has a strong reputation in the world of development projects, as well as strong analytical and negotiation skills. She has a very good knowledge of construction contracts, whilst Pierre Appremont is a precise, pragmatic, very accessible and friendly tax lawyer.’
‘Good responsiveness, agility and pragmatism characterize this team.’
‘We have a very strong relationship team members; GALM has managed to establish itself in the market and we consider ourselves as collaborating with the whole team, rather than individuals!’
Principaux clients
AXA IM
ASSEMBLY
GEMFI
URW
AEW EUROPE
PREDICA
Foncière Magellan
Eternam
ACM
ACCOR
KORIAN
ALTIXIA
BSREC
Crédit Agricole Immobilier
LBO France
Transact
Goodman
Virtuo
AG Real Estate
Colliers Global Investors France
Principaux dossiers
- Advised on a joint venture with CDC Habitation for the setting up of a real-estate fund dedicated to residential buildings.
- Advised on the setting up of a joint venture for the exploitation of boutiques in railway stations.
- Advised on the setting up of a joint venture named AGE & VIE, investing in senior residences.
Herbert Smith Freehills LLP
Herbert Smith Freehills LLP‘s practice has a strong reputation for providing a full service to its clients across various industry sectors, in both real estate transaction work and financing, and operates in collaboration with in-house specialists and the international offices of the firm. Its workload frequently involves advising on development and management projects, construction, urban planning and property developments, acquisitions and divestments. David Lacaze leads the team.
Responsables de la pratique:
David Lacaze
Autres avocats clés:
Isabelle Augais; Anne Petitjean; Agnès Druot
Les références
‘The team benefits from excellent responsiveness, the constant mobilization of a wide-range of skills in real estate, and great efficiency. Budgets are always respected, and the service is absolutely perfect.’
‘David Lacaze is the lead partner on all of our operations, being that he is extremely agile intellectually, he finds solutions to all problems and shows himself to be unfailingly reliable, in all circumstances. Anne Petitjean is the partner in charge of questions of construction and town planning for us, and is particularly precise in her explanations and her analyses; she makes it possible to make comprehensible any complex subject for a layman.’
‘We appreciate the real estate team for its great competence and its in-depth knowledge of the market. We place all our trust in them to support us in the joint ventures that we set up for our projects. HSF is our firm of reference on these subjects. We particularly appreciate their ability to negotiate in our best interests.’
Principaux clients
Générale Continentale Investissements (GCI)
JP Morgan Asset Management
ARA Europe
abrdn
Spirit REIM Services
Lefebre Sarrut
Korian
ENGIE
VIAE
Clarion Partners Europe
Extendam
CBRE
Principaux dossiers
- Advised Générale Continentale Investissements on the acquisition of the Le Millénaire 4 building, alongside BlackRock Real Assets, a property fund managed by BlackRock, from the French real estate group Icade.
- Advised a fund managed by JP Morgan Asset Management on the development of an upscale, eco-responsible resort in the Auvergne-Rhône-Alpes region.
- Advised ARA Europe, a real estate investor, on its VEFA acquisition of a new generation XXL logistics warehouse located in the Amiens metropolitan area on the ZAC des Bornes du Temps II in Saint Sauveur.
Racine
The practice at Racine is co-headed by Nicolas Boytchev, Jean-Philippe Lorizon and Nelson Segundo; it advises its clients on an array of related matters, being real estate transactions and due diligence; commercial leases; development and construction; and financing. Its particular focus involves assisting on the high-value leasing of premises to well-known brands in notable locations, especially within Paris.
Responsables de la pratique:
Nicolas Boytchev; Jean-Philippe Lorizon; Nelson Segundo
Autres avocats clés:
Philippe Johnston
Les références
‘Nicolas Boytchev and Jean-Philippe Lorizon and their teams have a good understanding of real estate development operations both in advice and in litigation. They are both extremely responsive and provide relevant analysis.’
‘Being a non-French client, we found that the virtual communication, invoicing and other technicalities worked seamlessly.’
‘I greatly appreciated Jean-Philippe Lorizon’s negotiating skills, intelligence, availability and professionalism. He really listened to our client’s points of view and was able to transpose them into the legislative framework of the field of construction, which he mastered very well.’
‘Racine employees have a very good knowledge of real estate practices, and are available and proactive. They adapt and collaborate well.’
‘Nicolas Boytchev is always available and has a pragmatic approach to cases.’
‘Jean-Philippe Lorizon is very competent and very available.’
‘The team is available, gives sound advice, is trustworthy, responsive, and has all the qualities of a professional and serious firm.’
‘Nicolas Boytchev is, above all, a remarkable adviser. He is available, professional, excels in negotiation and always offers valuable advice.’
Principaux clients
Icade
Richemont International
Autorité des Marchés Financiers
BNP Paribas REIM
Pathé
Nexity
Generali Real Estate
Axtom
Fiducial
Primonial
INETUM
PUIG
Principaux dossiers
- Advising Icade on the sale of the Gambetta Village Nexxt building in Paris to Primonial REIM France, for a transaction value of more than €200m.
- Advising Generali Real Estate on the acquisition of the 89 Taitbout in Paris from investment firm Wendel which previously used the building as its headquarters, for a transaction value of more than €100m.
- Advising BNP Paribas Real Estate Investment Management, acting on behalf of several funds, on the signing of several leases with major international groups for its new headquarters, Chanel and IWG.
Reed Smith
Reed Smith has an impressive real estate practice, led by Stéphane Illouz and Carole Steimlé, noted for her ‘real dynamism’. The team is well-known for assisting its noteworthy clients in the market, covering all aspects of real estate transactions and significant development projects. Nicolas Walker, specialist in urban planning, construction and real estate, was promoted to partner in January 2022.
Responsables de la pratique:
Stéphane Illouz; Carole Steimle
Autres avocats clés:
Nicolas Walker; Maxence Letisse; Jordan Tobaly; Cynthia Boukobza
Les références
‘A highly responsive, solid and effective participation by all the firm’s team members is guaranteed, alongside collaboration with the other stakeholders in the file.’
‘Very high responsiveness, with solid and effective participation by all the firm’s team members, whom all have an excellent knowledge of market practices and trading margins.’
‘The team’s complementary specialisms allow its clients to have a complete, precise and business-oriented service. It is a pragmatic team with a targeted approach, taking into account the commercial and financial imperatives of its clients.’
Simmons & Simmons
Simmons & Simmons is noted as having ‘extensive experience’ in real estate and is co-led by transactional and litigation specialist, Elisa Bocianowski, alongside Céline Larmet, who specialises in real estate finance particularly. It ably advises its clients on sale financing, structure and acquisition matters, predominantly in France, with some occasional international reach. Partner Chloë Nessim is noteworthy for her tax specialism.
Responsables de la pratique:
Elisa Bocianowski; Céline Larmet
Autres avocats clés:
Chloë Nessim; Louis Delestrée; Morgan Nussbaum
Les références
‘A very nice and agile team, able to handle all types of real estate files, both in French and English’
‘Elisa Bocianowski has great technical expertise and is a great deal-maker.’
‘Real estate structuring and financing: extensive experience, availability, anticipation and ability to offer solutions in constrained environments’
Principaux clients
BNP Paribas REIM France
Valor Real Estate Partners
Foncière Magellan
Groupama Immobilier
Keys Reim
M7
Colony Capital
Global Net Lease
Stepling
Savills IM
Goldman Sachs
Deutsche Bank
DRC Capital
JP Morgan
Principaux dossiers
- Advising M7 Real Estate in connection with the sale of 30 logistic assets in France, to Oxford Properties.
- Advised Valor Real Estate Partners in connection with the financing and structuring of its acquisition of a 2 hectare industrial site in La Courneuve.
- Advised Union Bancaire Privée in connection with the financing of the acquisition of the HAMØ office complex of more than 50.000sqm in Saint-Denis.
White & Case LLP
White & Case LLP’s practice has a strong reputation for its work in pure real estate matters, and frequently acts in connection with the financing of significant real estate portfolios. It also represents clients in matters involving acquisition and development of considerable value, often in collaboration with other specialist teams within the broader firm, predominantly working within domestic contexts. Franck Peter and Brice Engel co-lead the team.
Responsables de la pratique:
Franck Peter; Brice Engel
Principaux clients
ACM
Aema Groupe
Amundi
Aviva Real Estate Investors
BNP Paribas Real Estate
Caisse des Dépôts et CDC Investissement Immobilier
Cardif
Digital Realty
Financière Colisée
Foncière INEA
Foncière Raynouard
GIC
La Française
L’Oréal
Oaktree Capital Management
Prédica
Marriott International
SCI EM Lyon 2022
Société Générale Insurance (formerly Sogecap)
Sogecap
THOM Group
Vinci Immobilier
York Capital Management
Principaux dossiers
- Representing Predica in connection with agreements entered into with Colonial to restructure the share capital of SFL.
- Representing Sogecap and BNP Paribas Cardif in connection with the acquisition from Unibail Rodamco Westfield of 45% of the share capital from the company owning Westfield Carré Sénart shopping centre.
- Representing Mark III Holdings BV, a subsidiary of MARK Capital Management, a privately held Real Estate investment management firm with more than €7bn in assets under management, on the sale of the Pershing Hall Hotel.
Fieldfisher
Responsables de la pratique:
David Bensimon
Autres avocats clés:
Hélène Lefebvre
Les références
‘Special features, strength and assets of this team include its competence, its responsiveness, and its adaptability.’
‘David Bensimon demonstrates competence and great responsiveness, which are very valuable qualities when files have to be signed within very short deadlines.’
‘A firm that puts people first; we appreciate the personalized relationships we have with partners and collaborators and their proactive management of files. A real one-stop shop.’
Principaux clients
Groupe Colisée
VMware
Freo Group
Anacap
6ème sens
DTZ
Principaux dossiers
- Advised Colisée in a partnership operation with PREIM and sale & leaseback on a portfolio of 33 nursing homes (EHPAD) located in France.
- Advised Colisée in a sale and leaseback transaction with Primonial REIM on 5 nursing homes located in France and in a VEFA transaction with PREIM for the acquisition of 2 nursing homes.
- Advised on the joint venture formed by FREO Group and AnaCap Financial Partners, in connection with the financing of the acquisition and construction of a student residence in Puteaux for nearly €95m.
Goodwin
Responsables de la pratique:
Sarah Fleury
Autres avocats clés:
Sylvia-Grace Burgess; Jocelyne Yacé
Les références
‘Great responsiveness and availability for the customer, with extensive collaboration with other stakeholders in the file.’
‘Sarah Fleury is a cooperative and excellent partner.’
‘A very professional and very competent team, which is attentive and defends the interests of its client well.’
‘Sarah Fleury is available, very attentive and advises her clients very well.’
‘It’s a hyper business team with real financial fibre! The advice and negotiation skills go far beyond purely legal aspects. The team offers an effective and pragmatic 360 degree approach.’
‘The team and mainly the partner Real Estate knows perfectly the stakes and the actors of the market. She has an efficient, pragmatic and very financial practice of the problems encountered.’
‘There is a good balance in the team with a range of expertise, which means issues are dealt with quickly and efficiently. The team has great availability, listening abilities, and real pedagogy, atop very good negotiation skills.’
‘I worked with Sarah Fleury and her collaborator Sylvia Burgess, whom make for a high-quality and collaborative duo.’
Principaux clients
Caisse des Dépots et des Consignations
Clarion Gramercy (UK) Limited
Coffim
DocCity
Germitec
GreenOak Europe
Groupe Amaury
Groupe Philippe Ginestet
Epopée Gestion
City (former Fiducim)
Four Seasons Hotels and Resorts
HqO
Meininger Hotel Europe
MACSF
Oaktree Capital Management
Keys REIM
RoundShield Partners
Tokoro Capital
French Food Capital
Repligen
France Thermes
Moderna
Patron Capital Partners
Cromwell
Alvarium Osesam
DocCity
Azulis Capital
Umiami
Leal Therapeutics
Principaux dossiers
- Advised Alvarium Osesam in the acquisition of several value-add real assets in Paris.
- Advised Epopée Gestion on the acquisition of a portfolio of 5 real estate assets for a total of €38m and the acquisition of an asset of 18,700 sqm for logistic and industrial use, for a total amount of €16m.
- Advised a family office on the acquisition of one real estate asset that will consist, upon completion of refurbishment works, of an innovative office building and urban logistics centre in Paris.
Hogan Lovells (Paris) LLP
Responsables de la pratique:
Michaël Levy; Laure Nguyen
Autres avocats clés:
Alice Houdart
Les références
‘A professional team.’
‘Michael Levy ably supports and appropriately compromises in negotiations to find the right result for his clients.’
‘Hogan Lovells’ team is young and dynamic. They are available any time and able to deliver excellent output in very tight deadlines. They combine excellent knowledge and true business skills and are always willing to go the extra mile.’
‘Michael Levy is extremely reactive and business-oriented thanks to his broker background. He thinks creatively and is a great negotiator. Alice Houdart is extremely knowledgeable and delivers outstanding quality outputs to very tight deadlines. They are able to address any issues regarding construction, leases, capital transactions, together. Laure Nguyen specialises in handling issues arising from environment or construction and planning laws.’
Principaux clients
M&G Real Estate
Valor Real Estate Partners
SCAPRIM REIM / GREENOAK RE
SCPI Pierval Santé
Mata Capital
LCP Client Group
Clarins
M&G
Prologis
JP Morgan
Covivio
Principaux dossiers
- Assisting M&G Investment Management with a sale and leaseback transaction relating to the acquisition by M&G from Casino Immobilier of 5 major hypermarkets in various French regions.
- Assisting Valor Real Estate Partners in numerous transaction and development matters.
- Assisting the various entities of Greenoak Real Estate, acting as landlord, and managed by Scaprim, with several real estate asset management matters.
Kramer Levin Naftalis & Frankel LLP
Responsables de la pratique:
Renaud Dubois; Danièle Darmon
Les références
‘The spectrum of intervention of the real estate department is extremely broad and of high-quality, which allows a global management of the files submitted and overall time-saving, which is a significant plus.’
‘The team and, more particularly, Renaud Dubois, are rigorous, with an excellent practice, reactive and defined strategies, in-line with the needs of the client.’
‘Very sharp skills, availability, and customer security.’
‘A very professional firm, well-equipped to make complex deals.’
Principaux clients
Poste Immo / La Poste Group
Etex Group
Castignac
Swisslife AM
Brookfield Properties
Hediard/Do & Co
Eurodep
Groupe BMF
IXIM / FID
Oodrive
Principaux dossiers
- Assisted Papèteries de Bèglesin the sale of an important industrial asset in Bègles.
- Assisting CASTIGNAC in the acquisition of the former air base at Cambrai in view of its conversion into the largest logistic complex in Europe.
Reinhart Marville Torre
Responsables de la pratique:
Bertrand Thouny; Fleur Gaffinel
Les références
‘RMT is a valuable ally in our real estate issues. The team is responsive and highly competent, and the RMT firm has a very strong ability to understand our operational challenges in order to offer tailor-made, relevant solutions that take into account multifactorial constraints.’
‘Bertrand Thouny manages his team well, instilling a strong ability to perfectly identify the risks, the paths to follow and the necessary reinsurance elements. This a very valuable ally, as comfortable in the technique as in the understanding of our business.’
Principaux clients
PATHE
CARSLBERG
MC DONALDS
INTERXION
DXC TECHNLOGY
KFC
FC NANTES
CS GROUP
GROUPE ARIZONA
BAYER
EDMOND DE ROTHSCHILD REIM
CBRE IM
PRIMONIAL REIM France
AEW
AG2R LA MONDIALE
GENERALI REAL ESTATE
GOODYEAR
MR BRICOLAGE
APRIL
MYLAN
SOGELYM DIXENCE
AVIVA INVESTORS
Taylor Wessing
Responsables de la pratique:
Alfred Fink; Sophie Pignon
Principaux clients
Continuum
Communauté des héritiers RIHS
Global Hotel Group
Garbe
Famille Al Tajir (Dubai)
GEN
Coros
Watson Farley & Williams LLP
Responsables de la pratique:
Cyrille Gogny-Goubert
Autres avocats clés:
Catherine Masquelet
Principaux clients
Phoenix Towers International (Blackstone)
GIC (Singapore sovereign fund)
APG
Homnia
La Banque Postale Leasing and Factoring
Banque Populaire Grand Ouest
Norma Capital
Almaviva Santé
Edgar Suites
Crédit Agricole
Société Générale
Principaux dossiers
- Advised Phoenix Towners International, as subsidiary of Blackstone in relation to the real estate aspects of the purchase from Cellnex of 3,200 telecoms sites in France.
- Advised Almaviva Santé, a subsidiary of Wren House (Kuwait Investment Authority) in relation to the real estate aspects of the purchase of the 30,000sqm La Casamance healthcare facility.
- Assisting the French Ministry of Defence for the whole bidding process relating to a concession (BOT) for the renovation, construction and maintenance and of 12,000 housing units dedicated to military staff.