Ashurst advises BNP Paribas and Natixis on financing Center Parcs Allgäu 

Ashurst has acted as legal advisors for BNP Paribas S.A. and Natixis S.A. as lenders in relation to the financing of the acquisition of Center Parcs Allgäu located in Germany. 

The acquisition, which includes 750 of the site's 1,000 cottages as well as the main sports and leisure facilities, was made by TwentyTwo Real Estate Fund III and its affiliates. TwentyTwo Real Estate is an independent real estate investor-operator with €4.8 billion of assets under management in Europe, offering its clients a range of value-accretive investment solutions and management services across all real estate asset classes.

The Ashurst team was led by partner Derk Opitz and Kerstin Hartmann (Transaction Counsel) as well as Fabien Debroise (Partner) and Ludmilla Bouchez-Lecuy (Senior Associate) from Luxembourg and assisted by Partner Eric Fiszelson and Kévin Perraudin (Associate) from France and Arnaud Wtterwulghe (Partner) and Maxime Nuyts (Associate) from Belgium. 

Ashurst's German banking and finance practice advises both banks and alternative lenders, private equity investors and companies on domestic and cross-border acquisition, real estate, asset and infrastructure / project finance as well as on financial restructuring and corporate lending.