Deutsche Hypothekenbank has financed two objects with a total volume of 104 million euro for the French Gecina Group. The buildings are situated in prime inner-city locations of Paris – in the Rue de Louvre and the Avenue Matignon.
With a utility space of approx. 13,500 square meters, the object Avenue Matignon contains the French head office of Christie’s. Main tenant of the building Rue de Louvre with 8,000 square meters is the Banque de France.
During the transaction Deutsche Hypo was represented by the notary’s office Allez et Associés, the beneficiary by the law firms Cheuvreux and Depardieu Brocas Maffei. Savills has been mandated with the assessment of the market value.
The loans have an average term of 8.5 years and underline the confidence and the long-term commitment of Deutsche Hypo in the French market.
“These financings illustrate that the strengthening of personnel in the representative office in Paris has paid off”, states Andreas Pohl, Member of the Board of Managing Directors of Deutsche Hypo. “We see a lot of potential in the French market and will further expand our commitment in this country.”