Helaba refinances Altarea shopping gallery in Paris Gare de l'Est (DE/FR)
Wednesday 30 May 2012
German lender Helaba Landesbank Hessen-Thüringen has arranged a €33.2 million refinancing loan for Gare de l'Est shopping gallery, a property held by Altarea, a real estate investment trust and third largest retail property company in France.
The Gare de l'Est shopping gallery comprises 6,256 m² lettable retail area made up of 55 units. The object was completed in 2007 and is fully let to a majority of national quality brands, e.g. Fnac, Flo Prestige, Swarovski, Sephora.
The transaction was structured and arranged by Helaba, acting as sole lender through its French branch. The borrower was advised by Jeantet & Associés and LBMB Notaires, the lender was advised by Godet Gaillard Solle Maraux & Associés and Allez & Associés.