The office property has a total lettable area of 32,633 sqm and it has been let to a renowned French telecommunications company in a long-term lease. The location of Saint Denis is an established office and commercial district that is home to the headquarters of famous national and international companies and benefits from having excellent links to nationwide long-distance transport connections and regional public transport. In future, the attractiveness of the location will receive an additional boost thanks to planned investments in infrastructure in the scope of the 2024 Olympic Games.
La Française is a subsidiary of Crédit Mutuel Nord Europe Banking Group and currently manages a real estate portfolio in an amount of EUR 15 billion. In this transaction, it advised a consortium of South Korean investors who were represented by Hyundai Investment Asset Management.
|Type of finance||Acquisition financing|
|Volume of finance||EUR 141 million|
|Role of Helaba||Sole arranger, lender and hedging provider|
|Unit/Department||Real Estate Finance France|
Large-scale real estate projects have been our core business for decades and throughout all economic cycles.