Gide on the setting-up of a partnership between AXA IM - Real Assets and Hammerson plc for the Italie Deux shopping centre in Paris
31 July 2019
Deals | France | Real Estate Transactions & Financing
Law firms De Pardieu Brocas Maffei and Gide have advised AXA IM - Real Assets and Hammerson plc on setting up a partnership relating to the ownership and operation of Paris shopping centre Italie Deux, the city's second largest shopping centre in terms of visitors.
Property fund AXA IM - Real Assets has announced that it has acquired from Hammerson plc a 75% stake in the 61,800 sq.m. shopping centre for EUR 473 million.
Hammerson plc retains a 25% stake in the shopping centre.