Hogan Lovells advises IFC and Proparco on joint construction financing of Village Notre Père

Press releases | 15 May 2025

Washington D.C. and Paris, 15 May 2025 - Global law firm Hogan Lovells has advised the International Finance Corporation (IFC) and Proparco on the joint financing to support the construction of Village Notre Père, a modern shopping, office and living space across about 21,000 square metres in Abidjan’s Plateau business district.

IFC and Proparco are co-lenders. The project will support green, modern, mixed-use construction practices in the country and help to address "strong demand" for quality office space, retail space and serviced apartments in the Ivorian capital, supporting job creation and the hospitality and business tourism sectors. The project is scheduled to open in 2027.

The Hogan Lovells Infrastructure, Energy, Resources and Projects team was led by partner Thomas Hechl (Washington) with support from Co-Head of Africa Practice, Olivier Fille-Lambie (Paris), senior associates Marie-Michelle Banzio (Paris) and Senal Ranatunga (Washington) and associate Takudzwa Matondo (Paris).

Partner Thomas Hechl commented: "We are proud to have advised IFC and Proparco on this landmark project. This transaction reflects the growing sophistication of infrastructure and mixed-use real estate development in West Africa and underscores the role of development finance institutions in catalyzing sustainable urban growth."