Helaba, acting as arranger and sole lender, is providing a €120 mln loan to a French long-term institutional investor for the refinancing of its prominent Paris office property “Tivoli”.
Tivoli is an approx. 22,000 m² prime office complex located in the centre of Paris Central Business District at 86-90, rue Saint Lazare. Fully renovated in 2014, it comprises seven connected buildings of high quality office space. It is entirely occupied by leading insurer Covea on a long-term lease basis, which it uses as its headquarters.
France is one of Helaba’s major target areas in real estate financing. For more than 20 years now, the bank has been operating successfully for French, German and international customers, and with a fully operational branch since 2008. Helaba Paris’ range of services is focused on both institutional and large private investors and includes financings of office, retail and logistics real estate.