Hypo Real Estate Bank International announces today that it has arranged a 84 million investment financing (including VAT loan), and payment guarantee facility, for a company held by Orion Capital Managers. The transaction closed on 27th May 2005.
The funding will be used by Orion Capital Managers to acquire (upon completion) the office building "Antony Parc II", an 8 story office building, that will provide 26,978 sqm and 580 parking spaces in 4 underground levels.
The building will be located in Antony, at the crossroad "Croix de Berny", 10 km south of Paris and 8 km from Paris Orly airport, close to the A86 motorway and 300 m from the RER B station with direct links to Paris City Centre in less than 15 minutes.
Construction works, managed by the seller, Tertial, are planned to begin in June 2005 and will last 2 years.
Commenting, Harin Thaker, CEO of the bank's European business platform, said: "The successful closing of this transaction again proves the banks ability to deliver the tailor-made solutions required by our clients."
Source: Hypo Real Estate Bank