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Natixis arranges 3-year 754 million-euro loan for Signa Prime Selection
Natixis, via NATIXIS Pfandbriefbank, acted as mandated lead arranger and sole bookrunner on the entire 754 million-euro 3-year loan for Signa Prime Selection, a private real estate company specializing in commercial and office real estate mainly in Germany and Austria.
Bank of China Ltd. Luxembourg Branch together with Bank of China Ltd. Frankfurt Branch and another unnamed bank acted as co-arrangers, each participating in the loan with 1/3 of the loan amount.
The loan will refinance 30 department store properties located across Germany with a net leasable area of around 634,000 square meters. The single tenant is Galeria Karstadt Kaufhof, with a weighted average unexpired lease term (WAULT) of 16 years.
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Emmanuel Verhoosel
Global Head of Real Estate & Hospitality, Corporate & Investment Banking, Natixis
Emmanuel Verhoosel is the Global Head of Real Estate & Hospitality at Natixis' Corporate & Investment Banking division. He started his career in 1992 as...
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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 €11.4 billion, a Basel 3 CET1 Ratio(1) of 11.5% 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 30 September 2019.
