Financing of Crystal Park - where ESG principles shape the future of work

Aareal Bank, together with La Française Real Estate Managers (REM), successfully signed the refinancing for Crystal Park, a 43,300 sqm modern and sustainable office building located in Neuilly sur Seine, one of Paris’ most prestigious suburb.

Originally constructed in the sixties, the building was heavily refurbished in 2018 to create modern, sustainable office buildings with a central services pavilion, designed by architects Valode & Pistre. An investment that pays off: The office complex is 100% leased to three anchor tenants, including PwC, which occupies two thirds of the building under a recently extended lease that runs until 2035.

Crystal Park exemplifies solid ESG credentials with a BREEAM Excellent certification and the EcoJardin Label for its listed park, signifying the ecological gardening of the surrounding green spaces.

Aareal Bank AG acted as the arranger, facility, and security agent for this transaction, that was provided together with another German Bank and two international clients represented by an institutional asset manager.