Global law firm Norton Rose Fulbright has advised KKR, one of the largest US investment funds in the world, on the sale of around 30 assets representing a surface area of just over 86,000m² – comprising offices and telephone centers, mainly occupied by the Orange group –, to private clients grouped into a “real estate club deal” by Eternam, the real estate subsidiary of the Cyrus group. The transaction, completed on October 25, 2018, involved an amount in excess of EUR 100m.
Norton Rose Fulbright's tax team in Paris was in charge of all the tax aspects of the transaction for KKR: the specific structuring related to the special features of the OPCI, the due diligence phase, as well as the drafting and negotiations of documentation.
Antoine Colonna d'Istria, partner in charge of tax practice in Paris, commented: "We are very pleased to have accompanied KKR on this strategic and complex operation. KKR is a longtime client of our team. "
The team advising KKR for this transaction was led by Antoine Colonna d'Istria, assisted by Chloë Mockel.
For further information please contact:
Carole Guettier, Senior business development manager,
Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 75
Charles Billiard, Communication Executive,
Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 96
Notes for editors:
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