Office property Balthazar in  Saint Denis

As the sole arranger, lender and hedging provider, Helaba is lending EUR 141 million in a long-term facility to the investment and asset manager La Française for an office property located north of Paris in the immediate vicinity of the Stade de France.

Büroobjekt –  Balthazar in Saint Denis

The office property has a total lettable area of 32,633 sqm and it has been let to a renowned French telecommunications company in a long-term lease. The location of Saint Denis is an established office and commercial district that is home to the headquarters of famous national and international companies and benefits from having excellent links to nationwide long-distance transport connections and regional public transport. In future, the attractiveness of the location will receive an additional boost thanks to planned investments in infrastructure in the scope of the 2024 Olympic Games.

La Française is a subsidiary of Crédit Mutuel Nord Europe Banking Group and currently manages a real estate portfolio in an amount of EUR 15 billion. In this transaction, it advised a consortium of South Korean investors who were represented by Hyundai Investment Asset Management.

InvestmentOffice property
CustomerLa Française
Type of financeAcquisition financing
Volume of financeEUR 141 million
Role of HelabaSole arranger, lender and hedging provider
ClosingMay 2018
Unit/DepartmentReal Estate Finance France
Renaud Jézéquel
Real Estate Finance France, Helaba Paris

Financing Commercial real estate

Large-scale real estate projects have been our core business for decades and throughout all economic cycles.

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