About
Nicolas Paillot de Montabert is a Partner at Accuracy in Paris, where he leads the Real Estate and Hospitality practices.
Over the past 20 years, he has built extensive experience in providing financial and strategic advisory services to real estate and hospitality clients across Europe.
Nicolas has led numerous high-profile financial and strategic engagements for leading real estate market participants, including property companies such as Unibail-Rodamco-Westfield and Apsys, institutional investors including BNP Paribas Immobilier, KKR and Ivanhoé Cambridge, developers such as Altarea and Icade, and corporates including Clariane and Essendi.
He has also advised L’Oréal’s Real Estate Department on the definition of its core operating processes and supported Kering in recent real estate acquisitions and disposals.
In addition, Nicolas contributes to Accuracy’s growth and development in Morocco.
Nicolas speaks French and English and is a graduate of ESSEC Business School.
Qualifications
- ESSEC (2000)
In-depth expertise
Nicolas’ experience in the real estate industry varies from being an expert advisor in the context of:
- buy-side financial due diligence,
- vendor due diligence both in asset and share deals,
- NOI audit and NAV review both in asset and share deals,
- work on price formula and price adjustments in the context of share deals
He has been involved in projects that require complex financial modelling, especially asset return/ IRR models, notably in the context of shopping centres or real estate portfolio acquisition in Europe.
Nicolas has also accompanied real estate developers in their major external growth operations and synergies assessment.
Example of engagements
- Vendor due-diligences on the asset disposals by a large commercial real estate company.
- Vendor due-diligences on a shopping mall portfolio sold to a French real estate investment company.
- Vendor due-diligences on a shopping mall portfolio sold to a Dutch real estate investment company.
- Vendor due-diligences on the disposal of 127 retail galleries to a French real estate investment company for assets in France, Spain and Italy.
- Buy-side assistance to a French real estate investment trust in its proposed public offer to acquire a majority stake in a Dutch real estate company (pan-European asset portfolio).
- Buy-side assistance to a French real estate investment company on the contemplated acquisition of an asset portfolio in France and Belgium.
- Buy-side assistance to a French real estate investment company on the contemplated acquisition of the commercial areas in the major Italian railway stations.
- Buy-side assistance to a French real estate investment company on a shopping centre acquisition in Nice (France).
- Buy-side assistance to large commercial real estate company on the acquisition of a majority stake in a high end development.
- Buy-side and modelling assistance to a French real estate investment company in its acquisitions of multiple real estate developers
- Buy-side due diligence on behalf of a French real estate investment company
- Buy-side assistance to an American real estate company and a global investment fund on real estate for its office portfolio