Deutsche Hypo – NORD/LB Real Estate Finance has successfully completed the refinancing of a property on the Avenue des Champs-Élysées in Paris. The transaction concerns a property considered one of the city's most distinctive buildings and includes the repayment of an existing NORD/LB loan.
The property in question is located at Avenue des Champs-Élysées 97/99 in the 8th arrondissement of Paris. Its use spans several areas, encompassing hospitality, accommodation, and retail functions.
Property features and significance
A central component of the financed property is the restaurant Le Fouquet’s, a traditional institution internationally renowned for its role in Parisian gastronomy and cultural life. Furthermore, the property includes part of the Hôtel Barrière Le Fouquet’s Paris, which recently received the 'Palace' classification from the French Ministry of Tourism. The portfolio is complemented by additional retail spaces, contributing to the diversification of revenue streams.
The refinancing carried out serves to fully repay a previously existing loan, which was also provided by NORD/LB. This step underscores the continuity of business relationships and the reliability of the partnership between the involved parties in the real estate financing segment. For Deutsche Hypo – NORD/LB Real Estate Finance, the transaction represents a confirmation and expansion of its presence in the French real estate finance market.
Strategic relevance of the refinancing
Ms. Anne-Isabelle Carbonnières, Head of the Paris Representative Office of Deutsche Hypo – NORD/LB Real Estate Finance, emphasised that the transaction further solidifies the institution's market position in France. She highlighted that the location on the Champs-Élysées is considered prime. The property's stable revenue structures were also cited as significant factors underpinning its attractiveness as an investment. This confirms the strategic importance of the refinancing for the financial institution as well as for the property owner.
- —Location: Avenue des Champs-Élysées 97/99, 8th arrondissement, Paris
- —Components: Restaurant Le Fouquet’s, part of Hôtel Barrière Le Fouquet’s Paris, retail spaces
- —Bank involved: Deutsche Hypo – NORD/LB Real Estate Finance
- —Transaction type: Refinancing of an existing loan
