German bank Helaba is providing a €120 mln loan to an unnamed French institutional investor believed to be Crédit Agricole Prédica for the refinancing of the prominent Tivoli office property in Paris.
German bank Helaba is providing a €120 mln loan to an unnamed French institutional investor believed to be Crédit Agricole Prédica for the refinancing of the prominent Tivoli office property in Paris.
Helaba is acting as arranger and sole lender on the deal.
Tivoli is a 22,000 m2 prime office complex located in the centre of Paris Central Business District at 86-90, rue Saint Lazare.
Fully renovated in 2014, it comprises seven connected buildings of high-quality office space. It is entirely occupied by leading insurer Covea on a long-term lease basis, which it uses as its headquarters.
