Berlin Hyp provides €62m loan to Colony Capital

German lender Berlin Hyp has provided a €62 mln loan to refinance an office and retail property on George V Avenue in Paris' eighth district.

The asset is owned by a fund managed by Colony Capital.

The five-year facility will be used to refinance the existing loan and to fund refurbishment works. Berlin Hyp is acting as arranger and lender for the whole loan amount.

Ashurst Paris and Etude Flusin acted as advisers to the lender. The borrower was advised by law firm Ares and Etude Wargny-Katz.