Chelsfield Partners LLP, The Olayan Group and Luigi Zunino agreed to acquire portfolio of 9 properties in Paris from Risanamento S.p.A. (BIT:RN) for €1.2 billion on January 24, 2014. Under the terms of the acquisition, Chelsfield Partners and Olayan will acquire 8 properties while Luigi Zunino will acquire 1 property for approximately €130 million. Debt financing was provided by ING for a amount of €750 million, Société Générale, BNP Paribas, and CACIB. The buyers made an offer and the offer has been accepted by Risanamento. The transaction is subject to completion of due diligence and the city of Paris to waive its rights to acquire the properties. Risanamento will use a part of the proceeds to pay off the debts related to the properties and will gain €230 million after paying debts. The closing of the transaction should take place within June 2014. As of June 25, 2014, Chelsfield Partners LLP and The Olayan Group completed the acquisition of 8 properties for €1.1 billion. Luigi Zunino has not yet provided documentation to buy one of nine Paris office buildings.

Eliana Catalano, Guido Filippo Giovannardi, Marco De Leo of Bonelli Erede Pappalardo and François Bonteil, Atusa Family, Adeline de Ménonville, Eric Davoudet and Omar El Arjoun of Clifford Chance and Wargny Katz acted as legal advisors for Risanamento. Luca Arnaboldi, Leonardo Spina, Filippo Grillo, Matteo Sironi Marco Lantelme, Federico Banti, Alexia Falco of Carnelutti and Marc Mariani, Eva Leygonie, Olivier Mesmin, Pierre-Marie Ouchet, Florence Defradas, Hervé Jégou, Fabrice Varandas, Maria Batlouni and Pauline Lefèvre of Baker & McKenzie and acted as legal advisors and Jerome Le Breton as notary for The Olayan Group and Chelsfield. ING acted as global coordinator, Société Générale as the hedge coordinator, and BNP Paribas Real Estate as an investment advisor to Olayan and Chelsfield . CACIB will be the facility agent. BNP Paribas Real Estate will be the property managers and Chelsfield, the asset managers. Loyens & Loeff N.V. acted as the legal advisors for Chelsfield Partners LLP and Olayan Group. Michael Driessen, Louise Benisti and Geoffroy De Vibraye of ING Groep NV acted as a financial advisor to The Olayan Group. Leonardo & Co. S.p.A. acted as financial advisor to Risanamento S.p.A.