4 August 2011 - Gide Loyrette Nouel advises Union Investment on the acquisition of a shopping centre at Pessac in partnership with Mercialys:

Gide Loyrette Nouel has advised Union Investment, a German asset management company, on setting up a French Real Estate Investment Trust (an OPCI) held 80% by Union Investment and 20% by Mercialys.

This REIT has just made its first investment with the acquisition of a shopping centre at Pessac (near Bordeaux), which will undergo restructuring and extension work valued at a total of EUR 80 million.

In this transaction, Union Investment was advised by Gide Loyrette Nouel with a team led by Renaud Baguenault de Puchesse (partner) and Arnaud Moutet for the operational, corporate and real estate matters, and by partners Frédéric Nouel and Stéphane Puel for the REIT issues. Law firm GGV Grützmacher/Gravert/Viegener (Pascal Schultze and Alexia Feger) advised Union Investment on all tax matters. Wargny Katz acted as joint notary to Union Investment and Mercialys for the transaction.