Ashurst advises Omnes Capital on its partnership with l'Auxiliaire, Foncière Magellan and Patriarca group for the acquisition and the restructuring of a business park in Lyon

International law firm Ashurst advised French asset manager Omnes Capital on its partnership, through managed fund Construction Energie Plus (CEP), with insurance company L'Auxiliaire, real estate asset manager Foncière Magellan and construction group Patriarca, in view of the acquisition, through their joint venture company Green Campus, of the majority of the buildings in the Moulin à Vent business park. This acquisition is one of the most significant real estate deals in the Lyon region in 2018.

The Moulin à Vent business park is one of the biggest ones in the Lyon metropolis, with 34 buildings bringing together more than 60 businesses, within an area of more than 34,000 square meters.

Green Campus, the joint venture company set up to acquire this business park, showcases a profound transformation strategy via the restructuring of the majority of the acquired buildings in order to significantly improve the energy performance and user comfort, the development of additional surfaces and the implementation of new services. In this way, Green Campus’s ambition is to be a model of green and sustainable renovation and revaluation of this real estate asset type, which is symbolic of the architecture and layout of French tertiary sector business parks towards the end of the 1980s.

Banque Populaire Auvergne Rhône-Alpes and Caisse d’Epargne Rhône-Alpes financed, alongside the Green Campus shareholders, the acquisition of this business park.

The Ashurst team in Paris advising Omnes Capital on this transaction was led by M&A/Energy & Infrastructure partner Vincent Trevisani, assisted by senior associates Isaure Sander and Alexis de Foucault, as well as by partner Philippe None and senior associate David Noblinski on the real estate aspects, and partner Hassan Javanshir on the real estate finance aspects of the transaction.