Landesbank fills post vacant since last year in key international market
Helaba has made a key appointment, bringing in Renaud Jezequel to run its French real estate lending business. Jezequel, who joined this week, becomes head of the German landesbank’s Paris branch as well as of the French real estate team.
Helaba began its hunt for someone to fill the post last year, after the previous head of property lending in France, Roland Fuchs, left to become Allianz Real Estate’s European head of real estate finance. The appointment can be seen as a coup for Helaba’s board member for real estate, Jürgen Fenk, who has worked with Jezequel in the past, at German lender HRE.
Jezequel’s most recent role was as head of mergers and acquisitions and real estate transactions at hotel group Accor. The company has been involved this year in a complex refinancing of a portfolio of 86 German and Dutch hotels, where Accor is thought to have a small equity interest, in a consortium headed by London & Regional.
Jezequel also has banking and property experience from stints at JPMorgan, Credit Suisse and GE Capital. “He is very well regarded and a good structurer,” said Fenk. Jezequel will work in Paris with Eric Pfeiffer, Helaba’s local head of public finance and capital markets.
France is Helaba’s third largest international market, after the US and the UK. At the end of December 2013 the French real estate book amounted to €2.5bn. The bank recently co-arranged a €300m-plus, seven-year loan in Paris for ADIA, secured on the 6-8 Boulevard Haussmann and Le Capitole buildings. The lender syndicated a one-third participation to Allianz’s French debt investor, Allianz IARD.