Berlin Hyp is financing the acquisition of the mixed-use scheme at 43 Boulevard des Capucines in Paris' Central Business District.
Berlin Hyp is financing the acquisition of the mixed-use scheme at 43 Boulevard des Capucines in Paris' Central Business District.
The German bank has provided a €41.0 mln loan to iii-BKV Europa-Immobilien-Spezialfonds, a fund managed by Invesco Real Estate, to buy the landmark office and retail property.
The property was entirely restructured in 2010. It comprises 4,900 m2, with 1.200 m2 of retail space.
Berlin Hyp acted as sole arranger and lender for the seven-year facility.
The bank was advised by Ashurst Paris and Etude Flusin. Etude Begon Herbert Bougeard Brulon & Bonneau acted as adviser to the borrower.
