Natixis arranges 3-year 754 million-euro loan for Signa Prime Selection

Paris, France, December 20, 2019

Natixis, via NATIXIS Pfandbriefbank, acted as mandated lead arranger and sole bookrunner on the entire 754 million-euro 3-year loan for Signa Prime Selection, a private real estate company specializing in commercial and office real estate mainly in Germany and Austria. 

Bank of China Ltd. Luxembourg Branch together with Bank of China Ltd. Frankfurt Branch and Raiffeisen Bank International acted as co-arrangers, each participating in the loan with 1/3 of the loan amount.

The loan will refinance 30 department store properties located across Germany with a net leasable area of around 634,000 square meters. The single tenant is Galeria Karstadt Kaufhof, with a weighted average unexpired lease term (WAULT) of 16 years.