London:
  • Finance:

    LES MERCURIALES TOWERS, PARIS

  • Loan Amount:

    GDV €470m

  • Year:

    2019

  • Client:

    Hospitality Developer

  • Full service advisory role to help client acquire two 31 storey towers in the Bagnolet district on the eastern side of Paris
  • The asset comprises c. 80,000 sqm of office accommodation which on acquisition is partially let to a number of tenants.
  • Our client’s business plan is to convert one of the towers to a hotel and conference centre and deliver comprehensively refurbished office accommodation in the other.
  • We advised on all aspects of the deal including arranging initial contact with the seller, negotiating commercial terms and conditions of the deal, and arranging the acquisition finance for the transaction (the terms of which are confidential).