Advising AXA IM on the sale to Covivio of 32% shares in a Accor’s portfolio of 32 hotels in France and in Belgium

De Pardieu Brocas Maffei has advised AXA Investment Managers – Real Assets on the sale to Covivio of 32% shares in a Accor’s portfolio of 32 hotels in France and in Belgium for an amount of € 176M.
This strategic portfolio, valued at €550 million, will be jointly owned with the Caisse des Dépôts and Société Générale Assurances, which are already long-standing shareholders. Covivio will manage this portfolio.