janvier 26, 2022


Neyrpic, a major urban project to transform an industrial wasteland into a new hub of life and exchange in Saint-Martin-d’Hères (Grenoble), was financed with a €127 million loan from Allianz Real Estate with a maturity of 3 years.

Given the exceptional environmental qualities of the Neyrpic project (which is aiming for BREEAM Excellent certification) and in line with our proactive CSR strategy, the financing qualifies as a « Green Loan » under the lender’s Green Loan Principles.

This loan, the only one of this amount allocated to the financing of the development of a commercial asset in Europe in 2021, confirms the strength of the Neyrpic project and marks the recognition of our know-how and the quality of our portfolio. Allianz Real Estate had already refinanced Posnania, our flagship in Poland.

« This financing from a leading lender with demanding Green Loans Principles confirms Apsys’ strategy of developing projects with high urban, commercial, experiential and environmental added value, » said Maurice Bansay, Chairman and Founder, and Fabrice Bansay, Group Chief Executive Officer of Apsys.

« This green development loan to our long-term partner Apsys for the construction of a state-of-the-art, next-generation shopping and leisure center in Grenoble is in line with Allianz Real Estate’s strategic decision to finance more future-oriented assets. Neyrpic is an asset with a clear focus on sustainability and a superior user experience, » adds Roland Fuchs, Head of European Real Estate Finance at Allianz Real Estate.

Apsys was accompanied in this transaction by De Pardieu Brocas Maffei and Eastdil Secured. Allianz Real Estate was advised by A&O Paris.