LPA-CGR avocats assists Agence Française de Développement (AFD) in the VEFA acquisition of an office building in Paris (13th)

LPA-CGR avocats has assisted Agence Française de Développement (AFD) in the acquisition of an office building located in Paris (13^th), for a surface area of 60,000 sqm.

This transaction, managed by Kaufman & Broad, concerns a building that is part of a real estate complex consisting of retail shops owned by Altarea, parking lots belonging to Indigo, a hotel, and an associative space intended for the SEMAPA, also the development project developed by SNCF Gare & Connexions, within the perimeter of the social and intermediary housing construction program carried out by ELOGIE-SIEMP.

This project, which is as environmentally friendly as possible, will bring together 2,800 employees from all of the AFD group’s entities in a single location in 2026. Its Board of Directors has approved the acquisition of 10,000 sqm of office space in excess of the Group’s needs within the 50,000 sqm, which will be used to host partners from the international development ecosystem within a Sustainable Development City.

Agence Française de Développement (AFD) is a public financial institution that implements France’s development policy, works to combat poverty and promote sustainable development. With operations in Africa, Asia, the Middle East, Latin America, the Caribbean and Overseas France, AFD finances and supports projects that improve people’s living conditions, promote economic growth and protect the planet. The group finances and supports around 4,000 projects in 115 countries and overseas.

The multidisciplinary team of LPA-CGR avocats that accompanied AFD was composed of:

• Silke Nadolni and Géraldine Piedelièvre, partners, François Metz, counsel, and Lanier Fleischmann-Caruso, lawyer for all aspects of the real estate investment;
• Hélène Cloëz, partner, and Agathe Minvielle-Sebastia, lawyer, in the field of urban planning law;
• Fabrice Cassin, partner, and Cyprien Bès de Berc, lawyer, in public law, in relation to the specific status of the AFD;
• Arnaud Molinier, partner, and Louis Osio, jurist, on the insurance aspects;
• Sandra Hundsdörfer, associate lawyer, on employment law.

AFD was also advised by the Lasaygues notary office, Sophie Cascales.

Kaufman & Broad was advised by the Monassier notary office with Carole Groscaux, and by DS avocats, with Robert Théret, of counsel.