Pressroom
NATIXIS Pfandbriefbank AG arranges a 160 million-euro mortgage green loan facility for N A S Invest to partly finance the acquisition of 99 West Tower in Frankfurt
NATIXIS Pfandbriefbank AG acted as the arranger, underwriter and agent on a non-recourse financing transaction provided to an equity club deal managed by N A S Invest. The 7-year 160 million-euro mortgage loan will partly finance the acquisition of the 99 West Tower in Frankfurt from BNP Paribas SAS. The credit facility has been structured to be compliant with the Green Loan Principles as set by the Loan Market Association.
The Property is currently under development, with delivery scheduled for the end of 2021. The 106-meter high building is already 60% pre-let to BNP Paribas SA.
Expert
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...
Contact
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.
