International law firm Ashurst advised French asset manager La Française Real Estate Partners, acting on behalf of Hyundai Investment Asset Management and a group of Korean investors, on the acquisition and financing of "Le Balthazar", an office building located in Saint-Denis, France.

The property develops circa 35,000 square meters over eight stories and is comprised of two wings, connected by an atrium. The office areas are 100% let to a leading telecommunications group, under a long-term lease.

The financing for the transaction was provided by the German Landesbank Helaba acting as Lender and Facility and Security Agent. AEW acted as seller on behalf of La Caisse des Dépôts and another prime institutional investor.

The Ashurst team in Paris was led by real estate partner Guillaume Aubatier, assisted by senior associate Dorian Scemama and associate Malvina Dahan. Partner Hassan Javanshir and senior associate Thomas Ehrecke advised on the real estate finance aspects of the transaction. Corporate advice was provided by partner Anne Reffay and senior associate Isaure Sander.