Ashurst advised Samsung SRA Asset Management, assisted by La Française Forum Real Estate Partners, on the €334 million acquisition of the So Ouest office building from Unibail-Rodamco.

Located in Levallois-Perret (France), So Ouest is a fully refurbished 33,250 m² office building, fully let since 2014 to SAP France and Pharmaceutical Research Associates.

A consortium comprising Helaba and Deka Bank provided approximately €200 million to finance the acquisition. The transaction was made through an Organisme de Placement Collectif Immobilier (OPCI) and was completed on 12 July 2016.

Ashurst advised on this transaction alongside notaries Etude Flusin, Mirallès, Esteve, Notaires Associés with which Ashurst has an association.

The Ashurst Paris team was led by real estate partners, Philippe None and Guillaume Aubatier, corporate partner Bertrand Delaunay and finance partner Hassan Javanshir. They were assisted by associates Sébastien Ouvry,Diane Forestier and Camille Chadab.