Orrick advised Societe Generale and Allianz Global Investors in connection with the public-private partnership project of the "Metropole Nice Cote d'Azur" regarding the design, construction, financing, maintenance, major maintenance and renewal for 35 years of the new "Marche d'interet national" (National Interest Market, similar to the famous Rungis International Market in Paris) of the city of Nice, transferred to La Baronne in La Gaude.

The financing, approximately EU61.5 million, stands out for three features: it combines a bank financing granted by Societe Generale as a lender, a bond financing subscribed by several investors of the Allianz group, and the setup of a securitization mutual fund, the purpose of which is to acquire the facility granted by Societe Generale.

The beneficiary consortium includes Banque des territoires through its subsidiary Exterimmo, Bouygues Batiment Sud-Est and Bouygues E&S FM France. Dalkia will build and operate hot and cold production facilities necessary for the operation of the building.

The Orrick team was led by Amaury de Feydeau and included Herve Touraine, Laure Seror, Paul Loisel, Tsveta Pencheva and Giovanbattista Gianni on finance aspects and Jean-Luc Champy, Geoffroy Berthon, Quirec de Kersauson and Janina Dahmouh on public law aspects and industrial contracts.