Ashurst advised Korea Post, assisted by La Française Real Estate Partners, on the acquisition of the Paris headquarters of investment bank Natixis for €176 million.
Korea Post is the national postal service of South Korea, and this transaction means its first real estate investment in France.
The property consists of three buildings and is located in Paris' Montmartre Street.
BNP Paribas and ING Bank N.V. granted a €104 million facility.
The Ashurst Paris team was led by real estate partner Guillaume Aubatier, assisted by associate Dorian Scemama. Partner Hassan Javanshir, assisted by associate Thomas Ehrecke advised on the financing aspects of the transaction. Partner Guy Benda, assisted by associate Pauline Laredo advised on the corporate aspects.
Ashurst assisted Korea Post alongside the notary firm in which it has a shareholding stake, Etude Flusin, Mirallès, Estèves, Notaires & Associés