Dechert advised a group of banks, including Crédit Agricole CIB as coordinator and arranger, SCOR Investment Partners as arranger, as well as BRED, Socfim and Caisse d'Epargne Ile-de-France, in connection with the financing of the acquisition and refurbishment of an emblematic real estate complex in Paris, by RedTree Capital, a French real estate investment fund.
The real estate asset is composed of three buildings located at 36-36bis avenue de l’Opéra, 18 rue Louis Legrand and 33 rue Quatre-Septembre in Paris’ Opera district, and was acquired on behalf of RedTree French Real Estate Fund, M&G and Eternam for a total value of €235 million.
The Dechert team advising the lenders was led by partner Privat Vigand and included associates Guénaëlle Taroni and Pauline Keller.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
