Kramer Levin Advises the Terra Foundation for American Art in Sale of Giverny Museum Properties to the Musée des Impressionnismes

Kramer Levin advised the Terra Foundation for American Art in relation with its sale of certain properties to the Musée des Impressionnismes, a public cultural partnership among the districts of Eure and Seine-Maritime, the Normandy region, the cities of Portes de l’Eure and Vernon, the Musee d’Orsay and the Terra Foundation, among others.

The properties sold, with a value estimated at €9.8 million, include the museum grounds as well as all adjacent premises, staff members and visitors car parks, surrounding gardens, the Vissault and Bertin estates as well as the so-called “La Côte” hill.

As an ongoing partner and principal private contributor of the Museum, the Terra Foundation set the sale price at €5 million, resulting in a €4.8 million donation by the Terra Foundation to the Museum. Corporate partner Dana Anagnostou advised the Terra Foundation in this transaction.