Gide and White & Case Act on €2 Billion French Shopping Center Deal
The pair are advising on a joint venture that will manage five major French shopping centres, in a boost for the country's retail market.
February 18, 2020 at 06:56 AM
3 minute read
Gide Loyrette Nouel and White & Case are among the firms advising on the creation of a €2 billion joint venture that will hold and manage five large shopping centers outside major French cities, in a boost to the country's ailing retail sector.
French-Dutch property developer and manager Unibail-Rodamco-Westfield will hold 45.8% of the new venture, while a consortium including Predica, owned by Crédit Agricole Assurances, and asset management firm La Française will own the remaining 54.2%.
The five centers consist of 320,800 square meters and had 42.5 million visits in 2019, URW said in a statement.
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