Franklin advises Paref on its acquisition of a portfolio of 27 retail assets from Meyer Bergman.
Paref Gestion has just acquired from Meyer Bergman, on behalf of SCPI Novapierre 1, a portfolio of 27 retail assets comprising 51,408 square meters across France, for a total amount of €94 million.
With this acquisition, SCPI Novapierre 1 now manages over €250 million worth of assets, a 60 percent increase from the end of 2018. The acquisition was partly financed with a bank loan from HSBC, which maintained and adapted existing financing to provide a leverage effect in line with the fund’s long-term strategy.
Paref was advised by the following firms:
- on corporate, real estate and tax aspects: Franklin (with partners Laurent Schittenhelm and Jérémy Chiche, of counsel Jérémy Goldblum, associates Suzy Lasry and Adèle Durupt, advising on corporate and real estate aspects and partner Christine Daric and associate Yecine Nour, advising on tax law aspects) and Cheuvreux ;
- on financing aspects: Allen & Overy.
HSBC was advised by Gide and Wargny Katz.