Allianz Real Estate today announces the financing of the 92 avenue de France building on behalf of French companies of the Allianz Group. The amount of the loan is €90,5 mln out of a total loan of €127,5 mln with a 10 year fixed rate.
The loan is related to the second transaction in Paris of Oxford Properties Group, the real estate branch of the Canadian pension fund OMERS (rated AAA).
The asset is located in the heart of the Paris Rive Gauche Urban Development Zone (ZAC) in the 13th arrondissement of Paris and easily accessible by public transport. It is fully occupied and covers 21,835 m² consisting of 94% office space and 6% retail space. The office space is occupied by Réseau Ferré de France, the owner and manager of the French railway network.
Source: Allianz Group