Klépierre has signed an agreement relating to the acquisition of 60 % of the investment company Massalia Shopping Mall, in charge of the development of the Prado shopping centre, a new and emblematic 23.000 m² shopping centre ideally located in the heart of Marseille, the second–largest city in France. Klépierre purchased the project from Doughty Hanson & Co Real Estate, together with a private real estate investment company.
The future Prado 23.000 m² shopping centre will be located in the 8th district (« arrondissement ») of Marseille and should establish itself as the reference of high quality brands in Marseille. In July 2014, a lease was signed with Galeries Lafayette, the key figure of this new site.
De Gaulle Fleurance & Associés advised Klépierre with Stéphanie Roy (partner), Mehdi Ouchallal and Aurélien Djafari-Rouhani.
Gide advised the private co-investor with Frédéric Nouel (partner), Constantin Miliotis and Aurore du Marais.
Skadden advised Doughty Hanson & Co Real Estate with, in Paris, Pascal Bine (partner) and Benjamin Godard, ad in London, Allan Murray-Jones (partner ).