10 December 2007 - Gide Loyrette Nouel MNP closes two major Central European Property Financing initiatives for Calyon:

Gide Loyrette Nouel London has acted as international legal counsel to Calyon S.A. (“Calyon”) Crédit Agricole Group's Corporate and Investment Bank, in connection with a EUR 80 million financing for the ING Real Estate Fund group of companies. 
 
The financing was used by ING to fund the acquisition of existing real estate assets in the Czech Republic and Hungary.  Gide’s Prague and Budapest offices also provided local law support on the financings.  

This transaction follows three other Calyon led financings to ING in the last 15 months involving Gide, and follows Gide acting as international counsel to Calyon’s financing of Tamweelview European Holdings S.A. (“TEH”) group of companies. The financing was used to fund the acquisition by TEH of real estate assets in the Slovak Republic, and constituted the first phase of a multi-phase financing expected to fund up to EUR 200 million.  Once completed, the financing will be one of the largest real estate financings to-date in the Slovak Republic. TEH was advised by AXA Real Estate Investment Managers, as investment advisor and asset manager.  

Calyon has been advised in each instance by London based Partner-elect Christopher Czarnocki, who commented “This latest appointment once again illustrates the faith of a major lender such as Calyon in Gide’s ability to provide a high quality legal service across the various jurisdictions of Central and Eastern Europe, and is a vote of confidence in our growing banking and finance practice across the region.”