SUCCESS OF THE REFINANCING OPERATION OF BEAUGRENELLE PARIS
Financière Apsys (real estate specialist in France and Poland), Madar Group (major commercial actor in Paris), and Financière Saint James – Beaugrenelle Paris shareholders (40%, 40% and 20%, respectively) finalized today the refinancing of this iconic Parisian asset (amount of 660 million euros), from BNP Paribas and Crédit Agricole Corporate and Investment Bank, co-arrangers of the operation. This bank financing of a 10-years maturity aims to refinance actual bank loans and part of the shareholders loans under optimized conditions.
Maurice Bansay, Apsys founding President, commented:
« This major refinancing operation, realised in partnership with major international banks , is an obvious acknoledgement from realestate investors of Beaugrenelle Paris commercial success. This iconic place managed to became a key player on the Pariscian shooping scene. »
Beaugrenelle Paris shareholders have been advised and assisted by De Pardieu Brocas Maffei (legal advice) and C&C Notaires (notaries). Banks have been have been advised and assisted by Gide Loyrette Nouel (legal advice) et Wargny Katz (notaries).