Italian insurance giant Generali has announced that it has refinanced EUR 133 mln worth of debt related to the acquisition of 19 commercial properties (retail assets and warehouses) located on the French island of La Reunion, in the Indian ocean. The properties, acquired at end 2007 from French supermarket giant Casino, are all rented to a Casino subsidiary, Vindemia. They are held through the OPCI Immocio vehicle, managed by French fund manager Ciloger.
Italian insurance giant Generali has announced that it has refinanced EUR 133 mln worth of debt related to the acquisition of 19 commercial properties (retail assets and warehouses) located on the French island of La Reunion, in the Indian ocean. The properties, acquired at end 2007 from French supermarket giant Casino, are all rented to a Casino subsidiary, Vindemia. They are held through the OPCI Immocio vehicle, managed by French fund manager Ciloger.
The refinancing was primarily carried out by Credit Agricole, with Calyon acting as the lead arranger. OPCI Immocio was legally advised by law firm De Pardieu Brocas Maffei and notary office Dauchez Panhard. The banks were advised by Gide Loyrette Nouel as well as Oudot & Associés.
