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Herbert Smith Freehills advise Crédit Agricole Assurances in connection with the acquisition of Grand Hotel-Dieu de Lyon

07 Jul 2015

Herbert Smith Freehills have advised Credit Agricole Assurances, in partnership with Caisse régionale de Crédit Agricole Centre Est, in connection with the acquisition of Grand Hotel-Dieu de Lyon from Eiffage. At the same time, a management agreement was signed with InterContinental Hotels Group (IHG) for the operation of the future five-star hotel: the InterContinental Lyon Hotel-Dieu.

The Grand Hotel Dieu represents a real estate project involving a surface area of approximately 51,500 sq.m, located on the banks of the River Rhone in Lyon’s city center, at the heart of the peninsula, on a site owned by Hospices Civils de Lyon, with which a 99-year construction lease has been signed.

The site will offer 17,100 sq.m of shops and restaurants, as well as a commercial hub of nearly 13,600 sq.m, a 143-room 5-star hotel, 1,000 sq.m of residential space, a conference center and an international gastronomy center.

This real estate project is the largest private operation to date to redevelop a listed historical monument in France.

    * Adrien Moretti
    * Alexandre Blestel
    * Anne Richier
    * Barbara Levy
    * Claire Poirson
    * Elise Bénéat
    * Eric Muller
    * Guillaume Rossignol
    * Marlène Benoist-Jaeger
    * Nicolas Bricaire

Matter Type
Asset Sale: Acquiror's Counsel
Industry
Insurance
News Category
M&A
Real Estate & Construction