Hypo Real Estate Bank International, Paris branch, and CDC IXIS refinance the France Telecom technical properties portfolio. They provide € 1.2 billion of debt via a private securitisation vehicle (Fonds Commun de Créance) to the Consortium comprised of CDC Group, GE Real Estate France and The Whitehall Funds (investment funds managed by Goldman Sachs).
Hypo Real Estate Bank International (Paris branch) and CDC IXIS jointly arranged and underwrote the transaction for respectively € 720 and € 480 million, which were already partially syndicated.
The closing and the funding of this transaction took place on July 22nd, 2004. The France Telecom technical properties portfolio comprises 215 assets, located across France.
Source: Hypo Real Estate
