Le mie ricette per la real estate communityAEW Europe has signed, with BNP PARIBAS and SOCIÉTÉ GÉNÉRALE, a €248 million financing agreement on behalf of FONDIS, AEW Europe’s French core retail vehicle. FONDIS owns a portfolio with current value of approximately €400 million.
This agreement enables the refinancing of the existing borrowings of FONDIS. It also provides a new credit line for which the drawdown period is 3 years. FONDIS’s investment capacity is currently €250 million.
Stéphane Sebban, portfolio manager said: “We are delighted that the existing lenders continue to support FONDIS in its new investment phase that will enable the FONDIS’s assets to increase to over €600 million”.
During this operation, AEW Europe was advised by Baker & McKenzie. BNP PARIBAS and SOCIÉTÉ GÉNÉRALE were advised by De Pardieu Brocas Maffei.
Source : Company