PARIS-MGPA has secured EUR 190 million in refinancing for Le Madeleine in Paris. LBB (Landesbank Berlin), PBB (Deutsche Pfandbriefbank) and Helaba (Landesbank Hessen-Thuringen) arranged the loan for MGPA.
Le Madeleine comprises 186,215 square feet of office space and 125,937 square feet of retail space. MGPA bought the building in 2009 for MGPA Europe Fund III and financed the property with a four-year, EUR 140-million loan. The property is currently undergoing redevelopment. It is already 95% pre-leased. For the full story, go to Europe Real Estate .
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