Helaba is providing the Valad Property Group with a loan of around €76m for the refinancing of its Parc d’Activités fund. Helaba is acting as Arranger, Sole Lender and Hedge Provider for the facility.
The loan is secured against the Parc d’Activités portfolio of twelve multi-let light industrial assets with a total value of approximately €152m. Eleven of the assets are located in the Ile-de-France region (Greater Paris) with one located in Nord-Pas-de-Calais. Valad is a leading diversified real estate investment manager who holds 40 properties in France, amounting to over half a billion Euros in value and managed by Valad Europe’s team located in Paris.
Helaba’s close relationship with Valad covers a number of markets and transactions for a total of around €150m. Helaba had already granted loans for the acquisition of the Valad’s Parc d’Activités in 2008 and 2011 through its Paris Branch.
