Helaba finances office development near Paris for a fund managed by CBRE Investors (FR)

Helaba is financing the development of two new buildings in Noisy-le-Grand, near Paris, with a loan of €85.6 million. The project is owned by CB Richard Ellis Strategic Partners Europe Fund III (SPE III), a pan European fund managed by CBRE Investors. In this transaction, Helaba is acting as sole agent and sole lender through its French branch Helaba Paris.

The properties "Neptun" and "Pluton", two seven-storey green buildings (HQE certified), are located in the leading business park in the east of greater Paris, which comprises 600,000 m² of office developments and 2,100 companies. Situated very close to the RER Mont d'Est station and also to the motorway, there is an excellent access to the city center and all major Paris region locations.

"Neptun" and "Pluton" will comprise approx. 30,000 m² of lettable space and 760 underground parking spaces. The outstanding buildings, that are modern and light-filled, provide bright and state-of-the-art office space. Both buildings offer a full range of quality services for tenants' convenience (for instance personal concierge services, child daycare, fitness center, etc.). The project is currently 56% pre-let to two reputable tenants.

Source: CB Richard Ellis Investors

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