It is anticipated that major renovations will be carried out in order to make this property an exclusive resort on the French Riviera. Ultima Capital holds and develops a portfolio of high-end real estate assets consisting of 42 hotels, residences, chalets, villas and land in locations such as Crans-Montana, Gstaad, Geneva, Cannes, Courchevel, Megève and Corfu.
Ultima Capital became the owner of Le Grand Jardin, after its recovery plan of the property holding company was approved by the Commercial Court of Cannes.
DWF advised Gizmo Invest with a team consisting of Anne-Sylvie Vassenaix-Paxton, partner, and Rose Ngalako, associate.
The law firms Cabinet Ghigo (Frank Ghigo) and Cabinet Kraus (Albin Kraus) also assistedGizmo Invest.
Ultima Capital was advised by Allium (Julien Rivet), Renault Thominette Vignaud & Reeve (Audrey Obadia-Zerbib and Jason Reeve), Hoche Avocats (Jérôme Mas) and Reboul & Associés (Vaea Pery).