Norton Rose Fulbright advises Sofidy-managed funds on the acquisition of the Magnetik building in Paris

Global law firm Norton Rose Fulbright has advised funds managed by Sofidy, namely the SCPIs Sofidynamic and Immorente, as well as AIF Meilleurimmo, on the acquisition of the Magnetik building in southern Paris. The firm also advised on the establishment of the joint venture with Batipart Europe for the purposes of the investment.

With approximately 34,000 square metres of space, Magnetik is an office complex that houses the headquarters of eight leading companies, including Chronopost, MSC Cruises, Jacquet et Brossard, B&B Hotels and Institut Mines-Télécom.

David Lacaze commented:

"We are pleased to have advised the funds managed by Sofidy on the acquisition of the Magnetik building and on the establishment of the joint venture with Batipart Europe. This transaction highlights our experience in complex real estate deals and joint ventures."

The Norton Rose Fulbright team advising Sofidy on this transaction was led by Paris-based Real Estate partner David Lacaze. Partner Isabelle Augais and associate Marjorie Bodino advised on the corporate aspects of the deal. Europe, Middle East and Asia Head of Tax partner Antoine Colonna, assisted by Counsel Mathieu Jung, advised on the tax aspects of the transaction.