LAWFUEL – Europe Business + Law – International law firm Mayer, Brown, Rowe & Maw LLP has advised TIAA-CREF on its 186 million EUR acquisition of Printemps de l’Homme, a major retail property located in the centre of Paris, from KANAM.
TIAA-CREF is the leading U.S. provider of retirement services in the academic, research, medical and cultural fields. It is also one of the largest institutional real estate investors. The latest acquisition is a key addition to its existing US$1.35 billion European real estate portfolio, focused primarily on the core UK and French markets.
Laura McGrath, Managing Director of TIAA-CREF’s European investment programme adds: “We are very excited about this investment. In line with our diversification strategy, the deal has enabled us to extend our existing French portfolio to include retail.”
The Mayer, Brown, Rowe & Maw team advising TIAA-CREF included Paris partner Jean-Pierre Lee, tax partner Benjamin Homo and associates Arnaud Lecoeur and Olivier Panhard.