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
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