Clifford Chance has advised a fund represented by BNP Paribas REIM, the OPPCI Vestas French Real Estate, whose investor is Vestas Investment Management, a Korean institutional investor, on the acquisition from Unibail-Rodamco and the financing of the building So Ouest Plaza, located in Levallois-Perret.

The net disposal price of the deal, which follows a sale agreement signed in February 2017, is €473.8 million.

Designed by Barthélémy & Grino Architectes, So Ouest Plaza is a fully restructured property of more than 40,000 m², including 36,500 m² of office space and an 8-room cinema theatre. The building is fully let to L'Oréal and Pathé on long-term lease contracts. It has the HQE Excellent and BREEAM Excellent certifications.

The Clifford Chance team that advised BNP Paribas REIM and Vestas Investment Management was led by Partner Alexandre Couturier, with the support of Associates David Gérard, Louis-Antoine Frentz and Marianne Sajus on the legal aspects, and by Partner Éric Davoudet, with the support of Associate Omar El Arjoun on tax matters.