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De Gaulle Fleurance & Associés advises Klépierre in the context of its new flagship project: the Prado shopping centre located in Marseille

22 Dec 2014

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 ).

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