BNP Paribas and Natixis, acting as Mandated Lead Arrangers and Bookrunners and joined by Allianz, BECM and La Banque Postale, have provided a 10-year loan to a Joint Venture led by Tishman Speyer for the refinancing of its Paris office property ‘Lumière’ located in the Eastern business District of Paris
‘Lumière’ is the largest privately-owned office building within central Paris offering approx. 136,000 sqm of high quality lettable space and accommodations with the HQE Exploitation green label. It is 98% let to first rank tenants on significant average lease duration.
The debt package is the largest on the French real estate market provided this year for a single asset transaction. In this transaction, the lenders were advised by Gide Loyrette Nouel and Allez and Associés. Tishman Speyer was advised by De Pardieu Brocas Maffei,
Wargny Katz, Finae Advisors and Chatham Financial.
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide.
BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
BNP Paribas Corporate and Institutional Banking Sarah Worsley
tel: +33 1 40 14 65 14
Allianz Real Estate is the strategic centre of expertise in real estate within the Allianz Group and a leading international real estate investment and asset manager. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of the Allianz companies, considering direct as well as indirect investments and real estate loans. The operational management of investments and assets is currently performed in six international subsidiaries and hubs in Germany, France, Switzerland, Italy, USA and Asia/Pacific. The headquarters of Allianz Real Estate are located in Munich and Paris. Allianz Real Estate has approximately €37.4 bn assets under management.
Exclusively dedicated to corporate and professional real estate, the Banque Européenne du Crédit Mutuel lean on the financial strength of the Group Crédit Mutuel (notation S&P : A negative, Moody’s : Aa2 negative, Fitch : A+ stable) and on a decentralized organization, which unable a large part of the decisions to be taken by local players with a close proximity to their customers.
The BECM intervene in the real estate market as an major global partner for big national and interregional developers.
BECM ensures also a personalized service to REITS and to institutional investors who consider BECM to be a
benchmark partner for their real estate investments.
For whom she acts as a benchmark partner.
La Banque Postale, a subsidiary of La Poste Group, is a bank operating in the retail, insurance and asset management businesses. A civic-minded bank who enhance a long term banking relationship with its clients across a wide range of products and services at a fair price. As a retail and public bank, La Banque Postale covered a large type of customers: private individuals, companies, professionnals and local public-sector. La Banque Postale is closed to its customers thanks to the network of Post Offices, Internet and phone through a full multi-channel relationship.