Legal DealFolio - Klepierre Sale of Retail Galleries to Carrefour Consortium

Global law firm White & Case LLP has advised Klepierre, a leading shopping center property company in Europe, on its proposed disposal of a portfolio of 127 retail galleries to a consortium led by Carrefour and capitalized by institutional investors at EUR2 billion. Representing a total area of approximately 476,000 square metres, the portfolio consists of 127 small to medium sized retail galleries, including 57 assets in France (70 percent of the transaction value), 63 in Spain (19 percent of value) and seven in Italy (11 percent of value). The proposed transaction, which is expected to close during the second quarter of 2014, significantly rebalances Klepierre's shopping centers portfolio in favor of its key strategic regions. The White & Case team was led by partner Brice Engel with support from associates Louise Duvernois, Anne Petitjean, and Amandine Lieurade on real estate matters and Guilain Hippolyte, Noemie Baroux and Leo Catafau-Castellet on corporate matters.

Deal Date:	08-01-2014	Practice Area:	Real Estate
Deal Title:	Klepierre Sale of Retail Galleries to Carrefour Consortium	Industry:	General Retailers
Description:	Global law firm White & Case LLP has advised Klepierre, a leading shopping center property company in Europe, on its proposed disposal of a portfolio of 127 retail galleries to a consortium led by Carrefour and capitalized by institutional investors at EUR2 billion. Representing a total area of approximately 476,000 square metres, the portfolio consists of 127 small to medium sized retail galleries, including 57 assets in France (70 percent of the transaction value), 63 in Spain (19 percent of value) and seven in Italy (11 percent of value). The proposed transaction, which is expected to close during the second quarter of 2014, significantly rebalances Klepierre's shopping centers portfolio in favor of its key strategic regions. The White & Case team was led by partner Brice Engel with support from associates Louise Duvernois, Anne Petitjean, and Amandine Lieurade on real estate matters and Guilain Hippolyte, Noemie Baroux and Leo Catafau-Castellet on corporate matters.
Financial Center:	Paris	Value:	0.00-0.00
Advised Party:	Seller	Law Firm	White & Case
Real Estate Jurisdiction	France	Purchaser Jurisdiction	France
Classification:	Real Estate Acquisitions and Disposals Shopping Centre	Lawyer	Brice Engel

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Real Estate Law Firms and Lawyers

Practice Areas - Real Estate Law Firms and Lawyers