Orrick Advises LBO France in Sale of WEST PARK Office Building

July.11.2017

Orrick's Paris team advised LBO France in connection with its sale of the WEST PARK office building to AXA Investment Managers – Real Assets (acting for AXA Selectiv’ Immo).

Originally built in the 1980s, WEST PARK is a 20,000 sqm office building spread across 11 floors, including three underground levels with 200 parking spaces. The complex offers a prime location alongside the green corridor now connecting the Terrasses de l’Arche in Nanterre to La Defense, the main business district of Western Paris.

WEST PARK was acquired by White Stone IV, a fund managed by LBO France, in 2015 and has been undergoing an extensive refurbishment process since then. This building is already fully pre-let to French insurance group Groupama for 12 years.

WEST PARK has a dual environmental certification (NF Batiment Tertiaire Démarche HQE and BREEAM “very good”) and “an excellent”-level BBC Effinergie label.

The Orrick team advising LBO France on this transaction was led by Patrick Tardivy and Sophie Millet.