LPA Law Advises Barings and Seller on Sale of Prime Residential Building at 35 Avenue de Suffren in Paris' 7th Arrondissement

LPA Law advised the purchaser Barings and the seller in the acquisition and disposal of the Haussmannian residential building located at 35 avenue de Suffren in Paris's 7th arrondissement. The transaction concerns a prime residential asset of 2,230 m² comprising 18 apartments and two ground-floor shops. The building has been subject to significant recent renovation works, including restoration of the façade and roof and connection to the district heating network. The property benefits from a private garden, balconies and a concierge lodge, and occupies an exceptional location in the immediate vicinity of the Eiffel Tower and the Champ-de-Mars. The area features a low vacancy rate of 2.3% and a structurally limited supply of new housing. The sale was carried out pursuant to a co-exclusive sales mandate entrusted to Bridge Real Estate and Newmark. The parties have agreed not to disclose financial details of the transaction. LPA Law represented the purchaser Barings with a team composed by: Silke Nadolni, partner, Real Estate Investment; Marianne Sajus, counsel; Lanier Fleischmann-Caruso, associate; and Sandra Fernandes, partner, Real Estate Tax, supported by Sarah Kesy, counsel, and Isaure Hym, associate. LPA Law represented the seller with a team composed by: Sidonie Fraîche-Dupeyrat, partner (general coordination, Residential Real Estate), supported by Tatiana Leyinda, associate; Géraldine Piedelièvre, partner, Commercial Leases, supported by Adrien Lesaffre, associate; and Karine Bézille, partner, Employment Law, supported by Charlotte Sicsic, associate.

LPA Law Advises Barings and Seller on Sale of Prime Residential Building at 35 Avenue de Suffren in Paris' 7th Arrondissement

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