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AEW Europe buys the Celsius Portfolio , ING and Natixis joint bookrunners
An institutional investor, acting together with AEW Europe, has bought the Celsius Portfolio from the CBRE Retail Property Fund France Belgium CV. Totaling circa 221,000 sqm, the Celsius Portfolio comprises interests in the Waasland and Wijnegem shopping centers, two dominant regional shopping centers located near Antwerp in Belgium.
The remaining eight assets are located across France, including large urban shopping centers La Vache Noire in Paris and Centre Mayol in Toulon, as well as some smaller retail parks and factory outlets.
The €670m financing was arranged and underwritten by ING and Natixis being Mandated Lead Arrangers and Bookrunners. ING also acted as Documentation Agent and Facility Agent.
ING and Natixis were advised by the law offices of De Pardieu Brocas Maffei, Allen & Overy and the notary offices of Cheuvreux (France) and Marcellis (Belgium).
ING Real Estate Finance
Adrian Simpson
+44 20 7767 1708
AEW Europe is a leading European real estate investment manager with 9 offices throughout Europe, the group has over 280 employees who are responsible for €17.2billion of assets under management as at 30 September 2015. AEW Europe offers a wide spectrum of real estate investment strategies from core to opportunistic and manages a range of sector specific funds, separate accounts and club deal strategies.
ING Real Estate Finance is one of the leading commercial real estate financiers with a portfolio of around EUR 24 billion. We provide global coverage to clients from offices throughout Europe and Asia. ING Real Estate Finance is part of ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank's 53,000 employees offer retail and commercial banking services to over 32 million private, corporate and institutional clients in over 40 countries.
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About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.2 billion, a Basel 3 CET1 Ratio(1) of 11.3% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in and including current financial year’s earnings and accrued dividend (based on a 60% pay-out).
Figures as at 31 December 2019.
