BCLP advises €2.3 Billion Sale of Proudreed Industrial Portfolio

BCLP advised Proudreed and its management team in France regarding Blackstone’s approximate €2.3 billion acquisition of its logistics and industrial portfolio and operating platform . The transaction ranks among the most significant industrial real estate deals completed in France in recent years.

The transaction involves the sale of Proudreed’s industrial real estate portfolio as well as its operating platform in France (Fipam), to funds managed by Blackstone. Proudreed is the French real estate arm of the M Core Group.

BCLP’s Paris team advised Proudreed’s management in France, in particular on all governance and structuring aspects, as well as on corporate and tax matters.

The BCLP team was led by Partner Henry Ranchon, alongside Counsel Edouard Alcouffe, Senior Associate Clément Tavenard, Associate and Marc Bassil on the corporate and real estate aspects; Partner Christine Daric, Counsel Thomas Poiret, and Associate Hind Sehnoun on tax matters. They were supported by London Partner Adam Bogdanor on the transactional aspects.