The Paris office of international law firm Simmons & Simmons advised Union Investment, a real estate investment and asset management company in France, on the sale of the Paris Trocadéro business centre to the investment fund Blackstone Real Estate for approximately €700 million.
The asset, with a surface area of around 41,000 sqm, is located on Place du Trocadéro in the 16th arrondissement of Paris, one of the capital's most prestigious and sought-after locations.
Chloë Nessim, Partner, commented : "We are very proud that Union Investment entrusted us with the management of this strategic disposal. This transaction is a perfect example of our ability to support our clients in complex deals, where structuring requires both creativity and agility."
The Simmons & Simmons team advising Union Investment was composed of Chloë Nessim, Partner, and Leila Chikhi, on tax matters.
Union Investment was also advised by Thibierge Notaires with Celia Aliti and Julien Miara, and CMS Francis Lefebvre with Benjamin Bill.
