Hypo Real Estate Bank International announces that it has arranged a 100 million facility (€79 million acquisition financing and €21 million VAT loan) for SA Docks Lyonnais. The purpose of the facility is to finance the acquisition of 'Cap West', an office building in Clichy, west of Paris. The transaction closed on 11th May 2006.
Completed in 2002, Cap West is a 24.000 m² office and light industrial building comprising 18,777 m² of office space, 4,592 m² of light industrial space, a staff restaurant and 357 parking spaces.
Commenting, Harin Thaker, CEO Europe, said: "This transaction demonstrates Hypo Real Estate Bank Internationals commitment to accompanying its clients, including in the French SIIC listed sector, in executing their development strategy."
Source: Hypo Real Estate Bank International