Natixis Pfandbriefbank, a wholly-owned subsidiary of Natixis specialised in real estate financing, has provided a five-year €90 mln sharia-compliant mortgage loan to a London-based investment company managing a fund for Middle East investors.
Natixis acted as arranger and sole underwriter on the financing which was structured to enable Pfandbrief refinancing. The loan will be used partly to finance the investment costs related to the acquisition of an office property located in Frankfurt, Germany. The 44,000 m2 asset is almost fully let to a German blue chip company on a 10-year lease.
Natixis was advised by Norton Rose Fulbright on the deal.
