Le mie ricette per la real estate communityAareal Bank announces the closing of a financing agreement totalling € 140 million with investment manager Vertiq Capital. The financing was disbursed as two separate loans, respectively entailing the refinancing of the 25hours Paris Terminus Nord in Paris and the acquisition financing of the Bankside Hotel, Autograph Collection in London. The latter was assessed and qualified as a Green Loan under Aareal Bank’s third-party certified Green Finance Framework.
Superbly located in the up-and-coming 10th arrondissement of the French capital, the 25hours Paris Terminus Nord is a trendy hotel featuring 237 rooms and suites, along with the popular Neni Restaurant and Sape Bar. The Bankside, Autograph Collection is a similarly attractive upscale hotel, newly built just off the River Thames in South Bank as part of the One Blackfriars Development of London. The 161-room property was constructed according to BREEAM Excellent standards and is committed to incorporating sustainability in its day-to-day operations.
Vertiq Capital is a real estate investment manager with a focus on hospitality and other operational assets. The 25hours Paris Terminus Nord and the Bankside Hotel, Autograph Collection are part of a growing pan-European strategy to invest in upscale lifestyle hotels across the key urban markets in Europe. Vertiq will work with various capital partners to execute its investment strategies.
Source : Aareal Bank