Oceans & Company advised on Luxembourg`s largest office building “Helios”

Dr. Joachim von Rheinbaben
Managing Director

Market News
05 Mar 2021

Oceans & Company’s Real Estate Finance team successfully advised the US private equity investor Kildare Partners on the sourcing and execution of a EUR 172m senior syndicated facility for the office building “Helios“ located in Luxembourg.

Helios is a multi-tenant landmark property located in Cloche d’Or, one of the four main business districts of Luxembourg City.

With a GLA of 87,916sqm, the business complex is the largest office building in Luxembourg, benefiting from direct access to motorways leading to France, Belgium and Germany. The Property is managed by Technopolis, a Nordic operator of smart business parks and a specialist in providing modern workspace solutions to customers.

For this senior syndicated real estate financing, Banque Internationale à Luxembourg (BIL) was Mandated Lead Arranger acting with Citi Bank – London as Co-arranger and Hamburg Commercial Bank AG alongside RCB Luxembourg as original lenders.

The successful closing in February 2021 underpins Oceans & Company`s ability to internationally source and execute complex large scale real estate financing in a challenging market environment.