An international consortium consisting of Berlin Hyp, Deutsche Hypo – Nord/LB Real Estate Finance, Natixis CIB and Société Générale is providing a green loan of €260 mln to refinance Klépierre's Hoog Catharijne shopping centre in Utrecht, the Netherlands.
Berlin Hyp is the Facility and Security Agent, Natixis CIB is acting as Green Loan Coordinator and Société Générale as Hedging Coordinator.
With more than 30 million footfall a year, the “Hoog Catharijne” shopping centre is the most visited shopping centre within the country and comprises over 100,000 m2 of space over 125 shops and 30 restaurants. It has been extensively renovated and modernised.
'Retail remains an important pillar of revitalized city centres. Prime locations and innovative concepts and a strong ESG commitment are important to keep shopping malls attractive beside the existing online retail offer. We are delighted to support Klepierre in a major, highly structured mortgage facility against a landmark property in a particular context where the company is looking to diversify its sources of funding,' said Benjamin Cartier-Bresson, Berlin Hyp, on behalf of the consortium of banks.
'We are convinced that bricks-and-mortar retail has a key role to play in vibrant urban city centres. In order to meet contemporary requirements, we have remodeled the centre in recent years and continuously adapted the concept,' added Guy de Villenaut, head of Financing, Treasury and Tax, Klépierre.
