The Paris office of Debevoise & Plimpton LLP has advised Beacon Capital Partners (“Beacon”) in the sale of the Tour First office tower to AXA Investment Managers - Real Assets (“AXA IM - Real Assets”).

Beacon owned the tower, which is the tallest building in France, through an investment vehicle of its fund Beacon Capital Strategic Partners V. It first purchased a 50% interest in the building in 2007, acquiring the remaining 50% interest in 2011 after an extensive redevelopment.

The acquisition is via a share deal, and has been has undertaken by AXA IM - Real Assets on behalf of a club of investors seeking investments into core European real estate assets. The club comprises a group of investors managed by AXA IM - Real Assets, together with Assurances du Crédit Mutuel.

Beacon is a private real estate investment firm which has raised over $11 billion of equity and completed over 90 investments.

Debevoise has advised Beacon at various stages of its investment in the Tour First office tower, including on its original acquisition. The firm has also advised Beacon in connection with several other real estate acquisitions and sales in the Paris area.

The Debevoise team advising Beacon was led by Paris-based international counsel Eric Bérengier, and included associate Rosanne Lariven.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.