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
Guillaume Mandrou, Agence Weber Shandwick
Tél : +33 (0)1 47 59 38 70
Notes for editors:
Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.
Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.
Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.
For more information about Norton Rose Fulbright, see www.nortonrosefulbright.com/legal-notices.