Covivio Acquires Minority Stake in CB21 Tower in Paris

Deal News | Jun 17, 2025 | White & Case LLP

Global law firm White & Case LLP has served as legal advisor in a transaction involving Covivio's acquisition of a 25 percent minority stake in the renowned CB21 tower, an iconic office building located in La Défense, Paris. The CB21 tower stands as a prestigious 41-floor high-rise with an expansive floor area totalling 68,000 square meters. This deal signifies Covivio's strategic investment in Paris' prime real estate market. Led by partner Brice Engel and associate Grégoire Baudry, the White & Case team in Paris played a pivotal role in facilitating this transaction, which involved advising a prominent institutional investor in France on the sale process to Covivio.

Sectors

Real Estate
Legal Services

Geography

France – The transaction involves a Paris-based property, and White & Case's advisory services were conducted by their Paris office.

Industry

Real Estate – The article discusses a significant real estate transaction involving the acquisition of a minority stake in a major Paris office tower.
Legal Services – The legal advisory role of White & Case LLP in the acquisition is a central aspect of the transaction.

Financials

25% – The percentage stake in CB21 tower acquired by Covivio.
68,000 square meters – Total floor area of the CB21 tower in Paris.

Participants

Name	Role	Type	Description
Covivio	Buyer	Company	A real estate company acquiring a 25% minority stake in the CB21 tower.
White & Case LLP	Legal Advisor	Company	Global law firm advising on the transaction, particularly through their Paris office team.
Brice Engel	Legal Advisor	Person	Partner at White & Case LLP leading the advisory team on the transaction.
Grgoire Baudry	Legal Advisor	Person	Associate at White & Case LLP involved in the transaction.
Institutional Investor	Seller	Company	An unnamed leading institutional investor in France selling its 25 percent minority stake in the CB21 tower.