Divestment of Fon.com, the owner of a shopping mall project in Suresnes, to Banimmo, with CMS Bureau Francis Lefebvre acting as advisor to Fon.com shareholders

CMS Bureau Francis Lefebvre has advised Fon.com shareholders on the sale to Banimmo of all of their interests in the company and its subsidiary, which hold the administrative permits and property titles for a shopping mall in the city centre of Suresnes.

CMS Bureau Francis Lefebvre has advised Fon.com shareholders on the sale of 100% of their shares in the company to the Belgium-based real-estate investment fund Banimmo.

Fon.com and its subsidiary Point-Courses Bagatelle, a real-estate construction and sale trust (SCCV), hold the administrative permits and property titles for a project to redevelop and extend a shopping mall located in the city centre of Suresnes.

The project will result in a mall totalling 4,660 square metres of lettable retail space and 107 parking spots. The administrative permits have already been granted, which means that renovation work can begin in the fall. A lease has already been signed with a leading supermarket.

Banimmo is a property repositioning company specialised in the technical and commercial redevelopment of large building complexes in three core markets, Belgium, France and Luxembourg. It is listed on the NYSE Euronext Brussels stock market.

During the transaction, the Fon.com shareholders, led by Sophie Simonet, were advised by CMS Bureau Francis Lefebvre, with Arnaud Hugot and Cécile Leclerc for the corporate aspects and Christophe Frionnet and Anne Grousset for the tax aspects.

Banimmo was advised by Linklaters, with Sarah Fleury and Irène Cottaris for the corporate/property aspects and Edouard Chapellier and Clémentine Giannini for the tax aspects.

For more information, please contact:

• Nicolas Merigeau, NewCap
  nmerigeau@newcap.fr
  +33 1 44 71 94 98
  
• Florence Jouffroy / Laetitia Mostowski,
  CMS Bureau Francis Lefebvre
  Florence Jouffroy, Laetitia Mostowski
  +33 1 47 38 40 32 / 40 74