This is one of the largest office property transactions of the year in Europe. The sale will be accompanied by Accor's signature of a 12-year lease.
Reed Smith acted on the tax aspects of the transaction, with a team comprising Jean-Pierre Collet, Alice Pothet-Zevaco and Benoît Bernard. Valesco Group is a property investment group based in London.
This transaction once again demonstrates the capabilities of Reed Smith's tax team in high-stakes transactions.