April 2020

€8.3m Refinancing of a 8,000 sqm Office Redevelopment Project in Montrouge (Greater Paris)

Amount: €8.3m

SHIFT CAPITAL acted as exclusive advisor to Immobel, Belgium’s leading listed property developer, for the structuring and arrangement of a €8.3m facility aimed at refinancing the acquisition and funding the initial development phases of a future office scheme in Montrouge (Greater Paris), ahead of building permit approval.

The project entails transforming two existing buildings into a 8,000 sqm Grade A office asset, meeting the technical and environmental standards of the Parisian market.

This transaction illustrates SHIFT CAPITAL’s ability to deliver tailored financing solutions for value-add projects navigating early-stage permitting and development risks.