LPA-CGR avocats advises the residential real estate fund Opéra in its first acquisition in Paris

The Opéra residential real estate fund, managed by Stam France IM, has made its first acquisition of two residential buildings located on Boulevard Malesherbes in the 17th arrondissement of Paris from a fund managed by Swiss Life Reim, for around €110 million.

The transaction, concerning a surface area of 10,500 m2, anticipates the construction of new housing and the possibility of dividing certain large apartments to optimize the occupancy rate.

The Opéra fund, launched in December 2018, plans to continue investing in quality residential assets in Paris and its surrounding suburbs.

• The Opéra fund was advised by LPA-CGR avocats, with Sidonie Fraîche-Dupeyrat (Partner) and Anne-Charlotte Foin (Associate), by the notarial office Attal & associés, with Vianney Laporte, and by GR Groupe for technical aspects and construction projects-related advice.
• Swiss Life Reim (France) was advised by BNP Paribas Real Estate Conseil en Habitation & Hospitality and Crédit Foncier Immobilier as part of a co-exclusive mandate to find a buyer and by the notarial office KL Associés, with Chantal Gaudry.