Cityforward is a Belgian fund managed by Whitewood and held by SFPIM, Whitewood and Ethias created for the purpose of redeveloping office buildings with the view to transform them into mixed-use buildings.

This transaction is a landmark deal in the Belgian market and a key step in the transformation of the City of Brussels. It is also fully endorsed by the Belgian government.

Clifford Chance advised on the setup and structuring of the Cityforward Fund, the fundraising for the transaction and the structuring of the acquisition.

The cross practice Clifford Chance team advising on the deal was led by Real Estate partner Henri d’Ursel and Tax partner Alexandre Ooms with support from associates Thomas Linard de Guertechin, Sophie Deschuyter and Julie Roger.