Helaba has acted as arranger, lender and agent in providing a long-term loan of EUR 228.6 million to a consortium of Korean and French investors, represented by La Française Real Estate Partners International. The loan will finance the purchase of Belfius’ 60 % stake in a joint venture with AG Real Estate for the North Light and Pole Star office properties in Brussels.
The high-quality, interconnected complex of buildings is located in the direct vicinity of Brussels Gare du Nord railway station. With a total lettable area of around 77,000 sqm, the two properties were completed in 2011 and 2014. They have been fully let to the Belgian energy supplier ENGIE for a further 13 years. The complex is equipped with modern environmental technology, such as a geothermal heating and cooling system as well as solar collectors and uses an intricate building management system for climate control. Thanks to this, “Pole Star” was awarded the BREEAM certification rating of “very good”.
Helaba is financing the construction of “ONE”, a 48-floor landmark skyscraper in Frankfurt am Main, in its role as sole underwriter and thereafter as lead manager of a banking syndicate. In addition to the project development phase, the financing also covers the ensuing management phase. The borrower and project developer is CA Immo.
ONE is located in an excellent, central site in the immediate vicinity of Frankfurt’s trade fair grounds and, at a height of 190 metres, will be among the six tallest office buildings in Frankfurt. With a total lettable area of around 65,000 sqm, it will bring together a number of uses under one roof: the lower 14 floors will be used as a hotel with restaurant and conference area; the upper floors have been conceived as office space and will include a co-working area and a sky bar at a height of 185 metres.
Acting as sole arranger, lender and hedging provider, Helaba is providing a long-term loan of EUR 150 million to the investment and asset manager STAM for a portfolio of logistics properties in established locations around France.
The portfolio that is being financed consists of 13 properties, four of which are currently still under construction (completion in Q4 2018). All the properties are in established locations closet to motorways and railway junctions. The portfolio has been almost completely let on a long-term basis and has a granular cash flow structure thanks to its highly diversified tenant composition.
Since it was founded in 1997, STAM has provided investment and asset management services to institutional investors that want to invest in Europe. In the logistics segment, STAM currently manages premises with a total lettable area of 570,000 sqm.