Hogan Lovells Advises IFC and Proparco on Village Notre Père Project
Deal News | May 15, 2025 | Hogan Lovells
Hogan Lovells has advised the International Finance Corporation (IFC) and Proparco on the joint financing of a significant mixed-use construction project, Village Notre Père, in the Ivorian capital. The project, set to open in 2027, is aimed at addressing strong demand for quality office space, retail space, and serviced apartments, thereby supporting job creation and the hospitality and business tourism sectors. The Hogan Lovells team, led by partner Thomas Hechl, with contributions from Olivier Fille-Lambie and other associates, highlights the sophisticated infrastructure development occurring in West Africa. This project underscores the critical role development finance institutions play in promoting sustainable urban growth.
Sectors
- Infrastructure and Real Estate Development
- Development Finance
Geography
- Ivory Coast – The location of the Village Notre Père project, providing context to the urban and economic development objectives in the Ivorian capital.
- West Africa – The broader regional context in which such infrastructure developments are gaining momentum, supported by international financing.
Industry
- Infrastructure and Real Estate Development – This relates to the construction and development of mixed-use buildings, modern office spaces, and retail locations, as seen in the Village Notre Père project.
- Development Finance – IFC and Proparco's involvement in the project as lenders points to the role of development finance in supporting sustainable construction and urban growth.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hogan Lovells | Legal Advisor | Company | An international law firm advising IFC and Proparco on the joint construction financing. |
| International Finance Corporation (IFC) | Co-Lender | Company | A member of the World Bank Group, providing financing for the Village Notre Père project. |
| Proparco | Co-Lender | Company | A development finance institution partly owned by the French Development Agency, co-financing the project. |
| Thomas Hechl | Partner leading the advisory team | Person | Partner at Hogan Lovells, leading the advisory team for the Village Notre Père project. |
| Olivier Fille-Lambie | Co-Head of Africa Practice | Person | Co-Head of Africa Practice at Hogan Lovells, supporting the advisory team. |
| Marie-Michelle Banzio | Senior Associate | Person | Senior associate at Hogan Lovells, part of the advisory team. |
| Senal Ranatunga | Senior Associate | Person | Senior associate at Hogan Lovells, part of the advisory team. |
| Takudzwa Matondo | Associate | Person | Associate at Hogan Lovells, part of the advisory team. |