The Allianz companies are continuing their pan-European financing strategy for commercial real estate in their core markets by providing €300m for "Window", the project handled by Oxford Properties, the real estate arm of Canadian pension plan OMERS.
"Window" enjoys a prime micro-location in La Défense. With seven storeys and approximately 44,200 m² of floor space, the building is currently being revitalized from top to bottom and will be delivered in 2018. The main tenant is RTE, a state-owned French company responsible for the power grid in France.
“With this transaction, we expanded our European loan book to €6bn in a short period of time after having reached €5bn in the first quarter of this year,” declares Roland Fuchs, Head of European Real Estate Finance of Allianz Real Estate.
