Norton Rose Fulbright Aids Tikehau Capital in Acquiring Retail Real Estate from Casino Group
The global law firm Norton Rose Fulbright supported Tikehau Capital in the acquisition of 26 retail real estate assets from the Casino Group, valued at over €200 million. The team was led by Antoine Colonna d’Istria, Kamel Ben Salah, and Jean-Pascal Bus,
Norton Rose FulbrightTikehau CapitalReal EstateCasino GroupLegal AdvisoryReal EstateOct 18, 2024
Norton Rose Fulbright's cross-border and cross-practice team played a crucial role in ensuring the smooth execution of this high-stakes deal. The team was spearheaded by Paris-based tax partner Antoine Colonna d’Istria, real estate finance partner Kamel Ben Salah, and real estate partner Jean-Pascal Bus. They were joined by Luxembourg-based banking and finance partner Stéphane Braun, tax partner Florent Trouiller, and corporate partner Geoffroy Hermanns.
The team was further supported by a group of dedicated associates, including tax senior associate Mathieu Jung, real estate finance senior associate Marie L’helias, real estate counsel Arnaud Labouré, and real estate associates Cathy Morales Frénoy and Lucie Robert. Tikehau Capital also received assistance from the notary firm Allez & Associés.
Bank of America, which provided financing for the transaction, was represented in France by Gide and notary firm Monassier & Associés, as well as by Arendt in Luxembourg. The Casino Group was represented by the Wargny Katz notary firm.
This acquisition is a significant step for Tikehau Capital in expanding its portfolio of retail real estate assets, aligning with its strategic goals and investment strategies. The transaction underscores the firm's commitment to leveraging high-quality assets and robust market presence to drive growth and value for its investors.
Norton Rose Fulbright's involvement in this deal highlights the firm's expertise and capability in handling complex, cross-border transactions. Their comprehensive advisory services encompass a wide range of legal and tax considerations, ensuring that clients are well-positioned to navigate the intricacies of international business transactions.
For more information on Norton Rose Fulbright and their services, visit their official website. For Tikehau Capital, this acquisition represents a strategic move to enhance their portfolio and strengthen their market position in the retail real estate sector.
Frequently Asked Questions
What is the value of the retail real estate assets acquired by Tikehau Capital from the Casino Group?
The retail real estate assets acquired by Tikehau Capital from the Casino Group are valued at over €200 million.
Which brands are the hypermarkets and supermarkets leased to in the acquired portfolio?
The hypermarkets and supermarkets in the acquired portfolio are leased to major retail brands such as Intermarché, Carrefour, and Auchan.
Who led the Norton Rose Fulbright team advising Tikehau Capital?
The Norton Rose Fulbright team advising Tikehau Capital was led by Paris-based tax partner Antoine Colonna d’Istria, real estate finance partner Kamel Ben Salah, and real estate partner Jean-Pascal Bus.
Which firm provided financing for the transaction, and who advised them?
Bank of America provided financing for the transaction and was advised by Gide and notary firm Monassier & Associés in France, as well as by Arendt in Luxembourg.
What is the significance of this acquisition for Tikehau Capital?
This acquisition is significant for Tikehau Capital as it aligns with their strategic goals and investment strategies, enhancing their portfolio of retail real estate assets and strengthening their market position.
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