AEW Europe has signed, with BNP Paribas and Société générale, a €248 million financing agreement on behalf of Fondis, AEW Europe’s French core retail vehicule. FONDIS owns a portfolio with current value of approximately €400 million.
This agreement enables the refinancing of the existing borrowings of Fondis. It also provides a new credit line for which the drawdown period is 3 years. Fondis’s investment capacity is currently €250 million.
Stéphane Sebban, portfolio manager said: “We are delighted that the existing lenders continue to support Fondis in its new investment phase that will enable the Fondis assets to increase to over €600 million”.
During this operation, AEW Europe was advised by Baker & McKenzie. BNP Paribas and Société générale were advised by De Pardieu Brocas Maffei.
Source: AEW Europe