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German banks provide EUR 140mln loan to Paris property

Posted on 03 July 2009

From Propertyeu.info: German lenders Helaba, Westimmo and Postbank have arranged a club deal loan totalling EUR 140 mln on behalf of MGPA for a mixed office and retail property at Place de Madeleine in the central business district of Paris.

The building was completely restructured in 1991 and partly refurbished in 2002. Its total lettable space of 29,800 m2 (60% offices and 40% retail) is almost fully leased……….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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