Lucette in €219 Million Offering
June 13, 2007
Cleary Gottlieb represented Compagnie la Lucette in its €219 million public offering of more than five million new shares with preferential subscription rights. BNP Paribas and Société Générale launched the deal on May 14, 2007 and it closed on June 13, 2007.
Compagnie la Lucette is a listed property investment company specializing in commercial real estate. The company benefits from its status as a listed property investment company under France’s SIIC (sociétés d’investissements immobiliers cotées) regime, which provides favorable tax treatment for real estate investment firms. Compagnie la Lucette’s €2.2 billion high-quality portfolio includes offices in key business districts in the Ile-de-France region and warehouses in several French industrial parks.