LAWFUEL – Press Release Service – Corporate and commercial law firm SJ Berwin LLP’s Paris real estate team has advised American fund AMB Property L.P. on the acquisition of a portfolio of 18 properties in the Paris region from Sirius, the French development company. The purchase price was around Euro 79 million. The buildings total 76,000 sq m and are 97% let to tenants such as DHL, Hitachi, Newell Rubbermaid, Ysen Global Logistics and Gate Gourmet.
The SJ Berwin team was led by Paris real estate partner Ann Ly Ky, assisted by Sarah Kreplak, William Robert and Cèline Ogee, with Patrick Guarda advising on the tax aspects.
Sirius was advised by partners Emmanuel Fatome and Emmanuel Chauve from De Pardieu Brocas Maffei, assisted by Paul Henri de Cabissole.
Ann Ly Ky commented, “This is our second major deal for AMB and following on from our deal for Matrix announced last week, is a sure sign that the real estate capacity of our Paris office is really gaining momentum.”
The team has been named as “one of the rising real estate teams in Paris” by Decideurs Juridiques / Real Estate edition 2006.