26-9-2013 — /EuropaWire/ — Helaba is providing a loan of EUR 87.5 million for a commercial property portfolio in France together with Crédit Agricole Corporate and Investment Bank, and Société Genérale. Helaba manages the consortium, acting in the role of agent, co-arranger and hedge provider.
The portfolio comprises forty-three core Cash&Carry stores spread geographically throughout France. It represents approximately 50 percent of Metro Cash&Carry’s French distribution network. The stores are owned by an OPCI property fund managed by Amundi Real Estate and leased back to Metro Cash&Carry France.The OPCI as such is owned by long term investors including, with a 75 percent stake, Hermes Real Estate Investment Management Ltd.
Metro Cash&Carry France is a wholly owned subsidiary of Metro AG and has entered into a long term sale & leaseback agreement with the OPCI.
|Investment:||Portefeuille Metro Cash&Carry outlets|
|Customer:||OPCI French Wholesale Stores|
|Type of financing:||Refinancing loan|
|Financing volume:||87.5 millions d‘euros|
|Function of Helaba:||Agent, Co-Arranger, Hedge Provider|
|Departement:||Immobilier / Succursale de Paris|
|Closing/Funding :||Septembre 2013|