German banks and Blackstone lend €600m on Paris tower

Beacon Capital Partners France has refinanced the country’s tallest office tower through a €600m refinancing package from pbb Deutsche Pfandbriefbank, Aareal Bank and Blackstone Real Estate Debt Strategies. A maturing loan secured against First Tower in Paris’s La Défense business district, was replaced with €515m of senior debt and an €85m mezzanine loan. The 758 […]