Transaction

Clearwater advises the Labruyère Groupe on the refinancing of its retail asset at L'Isle d'Abeau

Transaction

Labruyère Groupe raised a mortgage loan from

Refinancing

Undisclosed

Role

Adviser to Labruyère Groupe on the refinancing of a retail asset

Sector

Real Estate

Region

France & Belgium

Labruyère Groupe, owner of the shopping centre based at L'Isle d'Abeau - Les Sayes has announced the refinancing of its retail asset.

Located between Lyons and Chambéry, the shopping centre covers more than 20,000 sqm of retail space, including 42 units within a commercial area consisting of more than 80 stores. The centre was completely renovated in 2017 with an extension of the shopping mall and a rejuvenated approach to the customer journey.

The refinancing takes the form of a mortgage loan provided by CIC Lyonnaise de Banque, with support from Crédit Agricole Centre Est and Arkea, which allows Labruyère Groupe to optimise the asset ownership structure.

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This is an important step for Labruyère Groupe, as a long-standing player in regional retail assets. In a selective market, the interest of the banking market and the refinancing conditions demonstrate the quality of our asset and its attractiveness. We thank the team at Clearwater for their efficiency and the banks for their trust.

François Morinière, Chairman of the Executive Board, Labruyère Groupe
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We are very pleased to have supported Labruyère Groupe in this strategic transaction which has allowed us to reposition the asset within its investment portfolio and benefit from attractive market conditions.

Clearwater

Transactions