Franklin advises DANONE on taking on a lease for its largest office in the world
DANONE has taken on a lease for “Convergence”, a building erected by Inovalis and Pitch Promotion in Rueil-Malmaison (92) and consisting of 25,100 square meters of office space and 250 square meters of retail space, out of which DANONE intends to operate most of its business in France. It is slated to become DANONE’s largest headquarters in the world upon its delivery in 2020.
After demolition of the existing building, construction will begin in fall 2018 and delivery is expected in the second quarter of 2020. DANONE has signed a 12-year lease and is planning to transfer 1600 people to the site.
Franklin’s team advising DANONE on this transaction consisted of partner François Verdot and Of Counsel Jérémy Goldblum.