Helaba, acting as lead arranger, lender and hedging provider, together with FCT SCOR Real Estate Loans II, a debt fund managed by SCOR Investment Partners, has underwritten a 4-year acquisition, development and VAT financing package for a JV between French major development, investment and asset management property player GCI and a North American institutional fund, for their acquisition of “Nework”.
“Nework” is a 7-storey office building totaling 21,147 m² GLA acquired under VEFA (Acquisition in Future State of Completion) regime from Altarea Cogedim and Eiffage, to be delivered by 2Q 2019. The building will benefit from most up-to-date green labels and will provide efficient about 2,600 m² floor plates with high-end specifications. It will be located close to Nanterre University, with good accessibility and transport links.
