The CNP Assurances general shareholders’ meeting that took place today approved all the resolutions proposed by the Board of Directors pertaining to the plans to transfer the Group’s head office to Issy-Les-Moulineaux. The project reflects the desire of CNP Assurances to offer its employees in and around Paris a quality work environment.
The annual general meeting approved an agreement on a protocol signed between Caisse des Dépôts (CDC) and Altarea Cogedim, as sellers, and CNP Assurances, subject to suspensive conditions, to buy a building complex under construction in Issy-Les-Moulineaux to which CNP Assurances intends to transfer its head office by 2022 at the latest.
The project is in line with the CNP Assurances Group’s determination to offer its employees in and around Paris a quality work environment in the new eco-district “Issy Cœur de Ville” in the centre of Issy-Les-Moulineaux, Hauts-de-Seine, and to unite all the teams that are currently spread out on two sites: in Paris Montparnasse, and in Arcueil-Cachan, near Paris.
At the same time, Caisse des Dépôts, advised by CDC Investissement Immobilier (formerly CDC GPI) and Altarea Cogedim, in the scope of a joint venture have signed with CNP Assurances a reciprocal promise of sale, subject to suspensive conditions, of the current CNP Assurances head office in Paris Montparnasse. The future buyers intend to redesign the site to create an office building up to the latest standards. CNP Assurances will stay in its current head office in Paris until all staff members have moved to Issy-Les-Moulineaux.
Advice on these transactions:
For CNP Assurances:
- For the protocol pertaining to the purchase, under suspensive conditions, of a building complex in Issy Cœur de Ville, CNP Assurances was advised by LA FRANCAISE REAL ESTATE PARTNERS, Guillaume Aubatier (King & Spalding) on the legal aspects, Jean-Etienne Chatelon (Fidal) on the tax aspects, and the firm Flusin on the notarial aspects.
- For the promise of sale of its head office in Paris Montparnasse, CNP Assurances was advised by AEW, Guillaume Aubatier (King & Spalding) on the legal aspects, Jean-Etienne Chatelon (Fidal) on the tax aspects, and Jérôme Cantoni (Wargny Katz) on the notarial aspects.
For Caisse des Dépôts (CDC) and Altarea Cogedim:
Franck Peter (White&Case) for the first transaction and Emmanuel Fatome (De Pardieu) for the second with regard to the legal aspects, Jean-Felix Ferrus and Vincent Faurie (Chevreux) on the notarial aspect of both transactions, and Pierre Appremont and Pamela Lejeune (Kramer Lewin) on the tax aspects.
*shareholder at 40.8% of CNP Assurances