Gide advises La Société Foncière Lyonnaise on signing an agreement for the acquisition of GrDF’s Parisian headquarters

On 17 November 2014, La Société Foncière Lyonnaise (SFL) announced it has recently signed an agreement with Blackstone Real Estate Partners Europe III for the acquisition of an office building of approx. 25,000 sq.m., situated on a one-hectare plot on Rue Condorcet, in the 9th arrondissement of Paris.

Completion of the acquisition, representing an investment of EUR 230 million, is due to take place in December 2014.

The Gide team advising SFL on this operation comprised partner Frédéric Nouel, Cleopha Thomann and Pierre-Adrien Vibert on real estate aspects, as well as partner Didier G. Martin and Régis Henry on corporate aspects, and partner Olivier Dauchez and Alexandre Bochu on tax aspects. The purchaser’s notary was Anne-Hélène Garnier of Oudot & Associés.

Blackstone Real Estate Partners Europe III was advised by Antoine Mercier of DLA Piper on real estate aspects, Vincent Agulhon of Darrois Villey Maillot Brochier on tax aspects and Jean-Michel Attal of Attal & Associés.