German lender BayernLB has led the consortium which has refinanced Tours Duo, the Groupe BPCE headquarters in Paris, to the tune of €456 mln.
The green loan refinancing was arranged through a club deal coordinated by BayernLB, comprising First Abu Dhabi Bank, Berlin Hyp, Deutsche Hypo-NORD/LB Real Estate Finance, and DekaBank.
The property is owned by a joint venture between Ivanhoé Cambridge, the real estate group of CDPQ, and BPCE.
The building's landmark towers, at a height of 180 metres, are only surpassed by the Eiffel tower and Tour Montparnasse. The asset's 107,000 m2 of mixed-use space include prime office areas, ground-floor retail, and a 4-star hotel, topped by a panoramic restaurant and skybar.
The asset benefits from the highest environmental certifications, including LEED Platinum, HQE Exceptionnel, WELL Platinum, and comply with EU environmental taxonomy standards.
The borrower was advised by A&O Shearman and Wargny Katz while the lenders were advised by Lacourte and Rochelois.
