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Natixis Originates $230.7 Million Loan for Congress Square, Boston
Natixis announced today it has provided a $230.7 million floating-rate financing to Related Fund Management for the refinancing of a mixed-use building known as Congress Square, located at 40 Water Street, in the Post Office Square neighborhood of Boston’s Financial District.
Congress Square is a newly renovated, 16-story, Class A, mixed-use building with 369,617 square feet of rentable space. Congress Square’s transformative design integrates modern and historic architecture through the addition of seven new glass and steel office floors above the fully renovated office and retail space, which is enclosed by a historic façade. In addition, Congress Square provides tenants with an extensive array of shops, restaurants, and public transportation.
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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.
