Hogan Lovells Guides IFC, Proparco in Financing Village Notre Père Project
Deal News | May 15, 2025 | Hogan Lovells
Hogan Lovells has advised IFC and Proparco on their joint financing of the Village Notre Père project, an initiative aimed at supporting the development of modern, mixed-use spaces in Abidjan, Côte d'Ivoire. The project, co-financed by IFC and Proparco, is a response to the increasing demand for high-quality office and retail spaces as well as serviced apartments in the city, with an expected completion in 2027. This development is anticipated to boost job creation and enhance the hospitality and business tourism sectors. The advisory team from Hogan Lovells was led by Partner Thomas Hechl, supported by Co-Head of Africa Practice Olivier Fille-Lambie and several associates from the firm's Paris and Washington offices.
Sectors
- Infrastructure
- Real Estate
- Finance
Geography
- Côte d'Ivoire – The article is focused on a project happening in the Ivorian capital, emphasizing its geographical relevance to Côte d'Ivoire.
- West Africa – The article highlights the significance of infrastructure and real estate development within the broader West African region.
Industry
- Infrastructure – The article discusses the development of infrastructure in Côte d'Ivoire, focusing on modern mixed-use construction projects.
- Real Estate – The project will involve the construction of office spaces, retail spaces, and serviced apartments, categorizing it under real estate development.
- Finance – IFC and Proparco's joint financing role is central to the article, highlighting the financial industry's involvement in development finance.
Financials
- Not specified – The financial specifics of the joint construction financing were not detailed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hogan Lovells | Legal Advisor | Company | Hogan Lovells provided legal advisory services for the financing of the Village Notre Père project. |
| International Finance Corporation (IFC) | Co-Lender | Company | IFC is a co-lender in the Village Notre Père project, supporting its financing. |
| Proparco | Co-Lender | Company | Proparco, alongside IFC, is a co-lender involved in financing the project. |
| Thomas Hechl | Partner | Person | Led the Hogan Lovells team advising on the project. |
| Olivier Fille-Lambie | Co-Head of Africa Practice | Person | Provided support in the advisory work from Hogan Lovells. |