BayernLB closes Green Loan near Paris

The Real Estate Division financed the forward acquisition of “Alphabet”, a 20.000m² office building in Bois-Colombes on behalf of La Française REM an the institutional investor Caisse des dépôts. The asset, still under construction, will be completed in Q2 2023. It is fully pre-let on a long-term basis to Sagemcom, a French telecom equipment manufacturer. La Française seeks to obtain three green certificates: BREEAM Very Good, HQE Très performant and OsmoZ.
A green loan follows sustainable principles and requires green eligible projects, which provide clear environmental benefits. Alphabet offers a strong focus on ESG, modern services and facilities. BayernLB adds with this transaction to its target to significantly increase the share of ESG-compliant financings within the real estate business.
La Française REM is a leading retail real estate investment management specialist active in continental Europe, the UK and China. La Française have €55 billion assets under management, which comprises 29 bn. real estate (December 2021). La Française Global REIM operates in all real estate markets: corporate, retail, residential, specialized residences, hotels, but also in niche segments such as wine and agricultural assets.