AEW Europe buys the Celsius Portfolio , ING and Natixis joint bookrunners
An institutional investor, acting together with AEW Europe, has bought the Celsius Portfolio from the CBRE Retail Property Fund France Belgium CV. Totaling circa 221,000 sqm, the Celsius Portfolio comprises interests in the Waasland and Wijnegem shopping centers, two dominant regional shopping centers located near Antwerp in Belgium.
The remaining eight assets are located across France, including large urban shopping centers La Vache Noire in Paris and Centre Mayol in Toulon, as well as some smaller retail parks and factory outlets.
The €670m financing was arranged and underwritten by ING and Natixis being Mandated Lead Arrangers and Bookrunners. ING also acted as Documentation Agent and Facility Agent.
ING and Natixis were advised by the law offices of De Pardieu Brocas Maffei, Allen & Overy and the notary offices of Cheuvreux (France) and Marcellis (Belgium).
ING Real Estate Finance
Adrian Simpson
+44 20 7767 1708
AEW Europe is a leading European real estate investment manager with 9 offices throughout Europe, the group has over 280 employees who are responsible for €17.2billion of assets under management as at 30 September 2015. AEW Europe offers a wide spectrum of real estate investment strategies from core to opportunistic and manages a range of sector specific funds, separate accounts and club deal strategies.
ING Real Estate Finance is one of the leading commercial real estate financiers with a portfolio of around EUR 24 billion. We provide global coverage to clients from offices throughout Europe and Asia. ING Real Estate Finance is part of ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's 53,000 employees offer retail and commercial banking services to over 32 million private, corporate and institutional clients in over 40 countries.
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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