Hypo Real Estate Bank International has arranged a EUR 26.7 mln investment financing and payment guarantee facility to a fund managed by LaSalle Investment Management. The fund will use the facility to guarantee and finance the acquisition of an eight-storey office building located at 46 rue la Boétie in the Paris Central Business District. The purchase of the 2,300 m[sup]2[/sup] property from Pitch Promotion will be completed in 2008 once an ongoing refurbishment is finished.
Hypo Real Estate Bank International has arranged a EUR 26.7 mln investment financing and payment guarantee facility to a fund managed by LaSalle Investment Management. The fund will use the facility to guarantee and finance the acquisition of an eight-storey office building located at 46 rue la Boétie in the Paris Central Business District. The purchase of the 2,300 m2 property from Pitch Promotion will be completed in 2008 once an ongoing refurbishment is finished.
Commenting on the financing facility, Harin Thaker, CEO Europe of Hypo Real Estate Bank International, said: 'The successful completion of this transaction with a key client highlights our commitment to highly structured property finance deals. It also illustrates our ability to deliver timely, tailor-made financing solutions and meet the needs of our clients in today’s market.'
