Coeur Défense mega-deal rounds off 2017

Each month, Real Estate Capital compiles data on recent lending deals in the UK and continental European real estate debt markets. A rundown of transactions mid-November to mid-January can be found by clicking on the below image.

• French fund giant Amundi sourced the two most prominent European real estate loans reported by Real Estate Capital at the end of 2017. The purchase of the Coeur Défense office complex in Paris’s La Défense for €1.8 billion required a €900 million debt facility provided by a bank club comprising BNP Paribas, Crédit Agricole, ING and Natixis. In addition, the fund manager secured a €300 million acquisition loan for the Atrium office complex in Amsterdam, the largest single-asset financing in the Dutch office market seen last year.

• In the UK, the £500 million (€565 million) financing deal sourced by student housing specialist Unite Group stood out. In another landmark transaction, the real estate investor and developer Modwen Properties, sourced a £475 million unsecured revolving credit facility from a syndicate of banks.