Helaba, Crédit Agricole and Société Genérale provided €87.5M loan for Metro Cash&Carry stores in France

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

Roland Fuchs
France
Tel. (+33) 1 40 67 07 47
Fax (+33) 1 40 67 91 53
www.helaba.de/paris
E-Mail  Helaba Paris

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Helaba, Crédit Agricole and Société Genérale provided €87.5M loan for Metro Cash&Carry stores in France

Helaba, Crédit Agricole and Société Genérale provided €87.5M loan for Metro Cash&Carry stores in France

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