February 21, 2019

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).

READ THE PRESS RELEASE (IN FRENCH)