PARIS-MGPA has secured EUR 190 million in refinancing for LeMadeleine in Paris. LBB (Landesbank Berlin), PBB (DeutschePfandbriefbank) and Helaba (Landesbank Hessen-Thuringen) arrangedthe loan for MGPA.
Le Madeleine comprises 186,215 square feet of office space and125,937 square feet of retail space. MGPA bought the building in2009 for MGPA Europe Fund III and financed the property with afour-year, EUR 140-million loan. The property is currentlyundergoing redevelopment. It is already 95% pre-leased. For thefull story, go to Europe Real Estate .
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