De Pardieu Advises TPG Real Estate on Partnership with Virtuo Industrial Property and Cheyne Capital Financing

"De Pardieu advised TPG Real Estate on the establishment of a partnership with Virtuo Industrial Property to develop a six-asset logistics portfolio in France and on financing provided by Cheyne Capital. The initiative targets a c.€200 million development pipeline of low‑carbon, BREEAM Excellent warehouses; Cheyne Capital provided around €115 million of financing."

De Pardieu acted as legal counsel to TPG Real Estate in connection with the establishment of a partnership with Virtuo Industrial Property and the arrangement of financing provided by Cheyne Capital. The transaction establishes a partnership to develop a portfolio of six logistics warehouses in France, targeting an aggregate development value of approximately €200 million. The partners intend to design and deliver high‑performance, low‑carbon buildings meeting BREEAM Excellent standards. Two projects are currently under development: V.Park 1 in Chavagnes-en-Paillers (85) and V.Park in Montchanin (71). Four further projects are planned: V.Park 2 and V.Park 3 in Chavagnes-en-Paillers (85), the Essarts site (85) and the V.Park in Montereau (77). The portfolio benefits from financing of approximately €115 million provided by Cheyne Capital. De Pardieu represented TPG Real Estate with a team composed by: Eric Muller (partner, corporate), Thomas Grenard (associate, corporate), Marie-Caroline Fauchille (partner, real estate), Paul Talbourdet (partner, real estate), Antoine Alexis (associate, real estate), Katia Belhiteche (partner, finance) and Olivier Vasselon (associate, finance).

De Pardieu Advises TPG Real Estate on Partnership with Virtuo Industrial Property and Cheyne Capital Financing

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