Berlin Hyp, Deutsche Hypo – NORD/LB Real Estate Finance, Natixis CIB and Société Générale refinance the "Hoog Catharijne" shopping centre in Utrecht for Klépierre with a Green Loan of € 260 million
An international consortium consisting of Berlin Hyp, Deutsche Hypo – NORD/LB Real Estate Finance, Natixis CIB and Société Générale is providing a Green Loan of € 260 million for the “Hoog Catharijne” shopping centre to Klépierre Group. Berlin Hyp is the Facility and Security Agent, Natixis CIB is acting as Green Loan Coordinator and Société Générale as Hedging Coordinator.
The loan is structured as a Green Loan. This also reflects Klépierre's strong commitment to ESG principles. Klépierre is the second largest listed owner and manager of shopping centres in Europe.
The strategic location between Utrecht city centre and the busiest railway station in the Netherlands ensures high customer frequency. With more than 30 million footfall a year, the “Hoog Catharijne” shopping centre is the most visited shopping centre within the country. It has been extensively renovated and modernised. On more than 100,000 square metres, 125 shops and around 30 restaurants offer visitors a high quality experience. An extensive calendar of events adds to the centre's appeal.
"Retail remains an important pillar of revitalized city centres. Prime locations and innovative concepts and a strong ESG commitment are important to keep shopping malls attractive beside the existing online retail offer. We are delighted to support Klepierre in a major, highly structured mortgage facility against a landmark property in a particular context where the company is looking to diversify its sources of funding" says Benjamin Cartier-Bresson, Berlin Hyp, on behalf of the consortium of banks.
"We would like to thank the consortium of banks for their trust and the good cooperation in this international financing. We are convinced that bricks-and-mortar retail has a key role to play in vibrant urban city centres. In order to meet contemporary requirements, we have remodeled the centre in recent years and continuously adapted the concept," says Guy de Villenaut, Head of Financing, Treasury and Tax, Klépierre.
Dentons acted as legal advisor to the banking consortium in this financing. The borrower was accompanied by Loyens & Loeff on the legal side and Van Lanschot Kempen on the advisory side.
We use cookies to ensure the proper functioning of our website. You may also accept optional services to enhance the user experience and cookies for statistical purposes as part of your data protection settings.
These cookies enable us to count visits and identify sources of access in order to determine and improve the performance of our website. They help us to identify which pages are most popular, which are least used and how visitors move around the website. All information collected by these cookies is aggregated and therefore anonymous. If you do not accept these cookies, we are not able to know when you visited our website. We may also use performance cookies to provide us with information about error messages (if so, where and after which events), loading times or the behaviour of the website with different browser types. These cookies may also be so-called third-party cookies. For more information on the personal data processed within the framework of our website, please refer to our data protection declaration.
We use the analysis tool Matomo (formerly “PIWIK”). In this context, cookies are used, which generate information about your use of this website such as browser type and version, operating system used, host name of the accessing computer and time of the server inquiry.
This information enables us to count website visits and determine sources of access in order to detect website errors, determine the performance of our site and thereby optimise and design the website to meet your needs. By using the analysis tool, we get information about which pages are most popular, which are least used and how visitors move around the website. All information collected by these cookies is aggregated and therefore anonymous. The IP addresses are generally anonymised, so that an assignment to the actual user is not possible.
If you do not agree with the storage and evaluation of this data from your visit, you can refuse the storage and use of this data at any time by clicking above. In this case a so-called opt-out cookie is stored in your browser, which means that Matomo does not collect any session data. Please note that complete deletion of your cookies means that the opt-out cookie is also erased and may have to be reactivated by you.
Optional services improve the experience of our website for you as a user. Please find further information on the use of the data of our Data Protection Declaration.
Google Maps ist ein Online-Kartendienst des US-amerikanischen Unternehmens Google LLC. Wir verwenden diesen für die Darstellung unserer Standorte.
These cookies are required for our website to function as well as for security purposes and cannot be disabled in our systems. Usually, these cookies are only set in response to actions you take by transmitting a service request, such as setting your privacy preferences, logging in, or filling out forms. You can set your browser to block these cookies or to notify you about these cookies. However, in this case some areas of the website may not work.
Protects against cross-site request forgery attacks.
Retention period: This cookie will only remain for the current browser session.
Saves the current PHP session.
Retention period: This cookie will only remain for the current browser session.