The London Real Estate Investment Funds team advised on the establishment of the Baumont platform and subsequently on the structuring and establishment of Baumont’s first European real estate fund, Baumont Real Estate One ScSp, raising €337 million, including €25 million of discretionary co-investment capital. The fund focuses on opportunistic equity and equity-like real estate strategies including office, residential, logistics, retail and other commercial real estate located primarily in France and the U.K. The Fund exceeded its target of €250 million and was oversubscribed at the hard cap, closing on seven institutional investors, including sovereign wealth funds, fund of funds, endowments and pension and life insurance companies from Europe, the US and Asia. The Fund has already deployed €50 million, acquiring two Paris office assets, representing a total deal value of approximately €125 million.
Formed by Robert Balick, Frédéric Laurent, Serge Maton and Eric Salmon, who together have over 80 years of industry experience, Baumont Real Estate Capital focuses on opportunistic equity and equity-like real estate strategies including office, residential, logistics, retail and other commercial real estate located primarily in France and the U.K. from motivated and stressed sellers. The investor base consists of pension funds, sovereign wealth funds, insurance companies, endowments, and high net worth families.
The Goodwin team was led by partner Samantha Lake Coghlan and associate Niall Dick with assistance from partners Laura Charkin, Alexandrine Armstrong-Cerfontaine and Marie-Laure Bruneel, counsel Glynn Barwick, and associates Jennifer Beaulieu and Lydia Galbraith.