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