Clifford Chance

Clifford Chance advises Quantum Global on US$1bn real estate investment joint venture with LaSalle

Clifford Chance has advised Swiss-based client Quantum Global Real Estate (“Quantum Global”) on its US$1 billion global joint venture with LaSalle Investment Management (“LaSalle”) to invest in quality real estate assets valued at over US$100 million. The joint venture's initial focus will be on the markets in Australia, France, Germany, the United Kingdom and the United States.

London Real Estate partner Franc Peña led the Clifford Chance team advising Quantum Global on the joint venture, supported by Real Estate senior associate Matt Taylor and partner Anthony Stewart on the tax aspects of the transaction.

The Quantum Global and LaSalle joint venture has an initial buying power of US$1 billion, with the possibility of expanding its capital base through additional syndicate-style arrangements. As well as making investments of its own accord, the venture will seek strategic alliance arrangements with suitable institutional investors.

Franc Peña comments:  "We were delighted to assist our client, Quantum Global, on this significant joint venture which will allow them to access major real estate opportunities globally. The platform is in a prime position with its access to substantial funds and speed of execution to transact in the current market, giving it various advantages over other potential bidders."

Quantum Global owner Jean-Claude Bastos de Morais said: “This joint venture represents the optimal approach for Quantum Global to commence investing in global real estate on behalf of our clients.”