Caroline Delavet
Partner
Paris
Caroline Delavet
Partner
Paris
Contact Details
Caroline advises both borrowers and lenders on a broad range of finance transactions, with a particular focus on real estate financing. Her experience covers domestic and international transactions for all classes of assets, with a particular emphasis on complex and high-profile structuring (senior/mezzanine financings, bond financings, financing involving double luxco structures, fiducie, CMBS, loan portfolio trades, etc…). Caroline also has experience working on general lending transactions, securitisations, asset financings and project financings.
Caroline Delavet has co-funded a network group named '17%' dedicated to the women involved in the Real Estate sector. The group already gather 250 women.
Caroline is recognised as a "Rising Star" for Real Estate Finance by the 2020 edition of The Legal 500
Recommended
Legal 500 EMEA 2021 - France (Real Estate)
"Caroline Delavet is an amazing adviser. Her knowledge and skills are fantastic. Her dedication to client service and work ethic are incredible"
Legal 500 EMEA 2020 - France (Real Estate Finance)
"[...] brilliant, commercial and excellent at delivering an impeccable work product. [...] market knowledge is top-notch and the client service is unmatched."
Legal 500 EMEA 2020 - France (Real Estate Finance)
Her experience includes advising:
- The lenders in connection with the acquisition and development financing (VEFA) of two office buildings which are part of mix-use “Chapelle International” development project in Paris.
- Deutsche Bank and Société Générale in connection with the financing of a European portfolio (France, Germany and the Netherlands) of a Blackstone-owned logistics and light industrial portfolio, and arranging its subsequent securitisation (Arrow CMBS 2018 DAC) which is one of the first French CMBS since the global financial crisis (also using a “double luxco” security feature).
- Acofi Gestion, an asset manager affiliated to the La Française Group, in structuring and documenting of the first ever loan transaction extended by a French debt fund (structured as a securitisation find), in the form of a real estate financing for the acquisition by EQT Real Estate I of a 10,000 sqm office property located in Clichy, France. This was the very first loan extended by a French debt fund (securitisation fund – FCT) only a couple of weeks after the publication of the decrees authorising such types of funds to extend loans in France.
- Colony Capital on the financing of the acquisition of Continental Property Investments (CPI) and the refinancing of CPI’s French office and light industrial property portfolio comprising of 65 assets predominantly located in the Paris region, Toulouse and the French Riviera.
- PAREF Group in connection with its of EUR100m debt refinancing allowing PAREF Group to significantly increase its investment capacity while decreasing the average cost of debt.
- DRC Capital in connection with a secured bond financing of a retail park.
Qualifications
Professional
Academic
University of New South Wales Sydney Australia, (Trusts, Trade Practices, International Advocacy), 2003
Magistère in Business,Tax law and Accounting , University of Aix-Marseille, 2002
Post Graduate Degree, International Business Law, University of Aix-Marseille, 2002
DJCE, Counsel in International Commercial Law, University of Aix-Marseille, 2002
Related articles
News: 15 March 2021
Paris – Allen & Overy advised Gulf Islamic Investments (GII) on the acquisition and financing of the Altaïs tower, a fully restructured office building located in Montreuil (eastern Paris). This…
Publications: 28 May 2020
Publications: 17 April 2020
Covid-19 coronavirus: Real Estate and Covid-19 – The questions we are being asked in France
Publications: 16 April 2020
Covid-19 coronavirus – Summary update on measures taken by the French State
Qualifications
Professional
Academic
University of New South Wales Sydney Australia, (Trusts, Trade Practices, International Advocacy), 2003
Magistère in Business,Tax law and Accounting , University of Aix-Marseille, 2002
Post Graduate Degree, International Business Law, University of Aix-Marseille, 2002
DJCE, Counsel in International Commercial Law, University of Aix-Marseille, 2002
Experience highlights
Advising Goldman Sachs as sole arranger and original lender in connection with the financing of the acquisition of the energy efficient office property River Ouest located in Bezons, Paris. The two EUR196.2m acquisition and financing facilities were structured in a view to be securitised as the first European commercial mortgage backed securitisation (CMBS) structured as a green bond, River Green Finance 2020 DAC. For the first time in a rated CMBS transaction backed by a French commercial property, the underlying loans were secured, inter alia, by a French law trust (fiducie), with a view to enhance creditors’ protection.
Advising BNP Paribas REIM as asset manager acting on behalf of the Danish pension fund PFA in respect of the acquisition and development financing of the property Square d’Orléans, located in the center of Paris.
The lenders on a development financing for Brookfields in respect of student accommodation in Massy, Paris.
Advising HSBC France, Société Générale, Frankfurt Branch, Natixis and Natixis Pfaudbriefbank AG mandated in connection with the refinancing of the acquisition by AXA Investments Manager Real Estate Assets on behalf of one of its clients of a portfolio of logistics assets located in France, Germany, the Netherlands, Poland and Italy.
Recognition
Rising Star
Legal 500 EMEA 2020 – France (REAL ESTATE FINANCE)
Caroline Delavet is an amazing adviser. Her knowledge and skills are fantastic. Her dedication to client service and work ethic are incredible
Legal 500 EMEA 2020 – France (REAL ESTATE FINANCE)
[...] brilliant, commercial and excellent at delivering an impeccable work product. [...] market knowledge is top-notch and the client service is unmatched.
Legal 500 EMEA 2020 – France (REAL ESTATE FINANCE)
