A Paris team advised Cleaveland, as asset manager and investor, and Patron Capital V LP, advised by Patron Capital, on the purchase of a €71.5 million office building called “Le Magnum” located near Paris in Levallois Perret.
The building is currently completely let to L'Oreal. Cleaveland and Patron plan to refurbish the entire building and re-let it in the near future to high-end tenants.
Sarah Fleury led the Orrick team with assistance from Agnès Druot on the real estate aspects and Carine Mou Si Yan
, Laure Seror
and Steeve Jaskierowicz on the finance aspects.