Deals & Cases

Deals & Cases

June 2008

Lenz & Staehelin advised Axa Real Estate Investment Managers

Lenz & Staehelin, in collaboration with De Pardieu Brocas Maffei and Clifford Chance, advised a consortium on the sale and leaseback of 47 French and 10 Swiss hotels owned by the Accor group. The members of the consortium included the public finance entity Caisse des Dépôts et Consignation and two funds managed by Axa Real Estate Investment Managers, European Hotel Venture and Alternative Property Income Venture. The total investment of the consortium in this transaction was in excess of EUR 500 million.

Lenz & Staehelin advised on the Swiss legal aspects of the transaction and on the financing. The legal team of Lenz & Staehelin was led by Stefan Breitenstein and included Olivier Nicod.

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