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Caroline Delavet



Delavet Caroline
Caroline Delavet



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

"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.



Banking and Finance






Allen & Overy LLP
52 avenue Hoche
75008 Paris

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Admitted as Avocat à la Cour, Barreau de Paris, 2005


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

News & insights

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News: 19 OCTOBER 2021

A&O advising Zopa on its USD300 million fundraising led by Softbank Vision Fund 2

Allen & Overy is advising digital bank Zopa on its latest round of fundraising. The bank, which was the world’s first peer-to-peer lender and is one of the UK’s newest digital banks, has raised…

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Publications: 28 MAY 2020

Webinar: Covid-19 coronavirus - Forbearance: mortgage debt and unsecured lending support in the UK, France, Italy and Spain

In this webinar, we discuss the measures introduced for mortgage debt and unsecured lending for owner occupied borrowers and those with buy-to-let mortgages in UK, France, Italy and Spain, where…

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Publications: 17 APRIL 2020

Covid-19 coronavirus: Real Estate and Covid-19 – The questions we are being asked in France

This note discusses a number of issues and queries that are arising in the commercial real estate investing and lending markets in France as a result of the Covid-19 coronavirus pandemic. 

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Publications: 16 APRIL 2020

Covid-19 coronavirus – Summary update on measures taken by the French State

In response to the crisis, the French State first adopted various measures aiming at both tackling the health crisis (through some restrictions in relation to freedom of movement, such as the closure…

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