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Sign in Sign up for a FREE subscriptionOxford Properties completes $198m green refinancing on renovated Paris office
Oxford Properties Group announced it has refinanced 32 Rue Blanche, a class A office building in central Paris, having agreed to a €182.5 million ($197.85 million) green loan with Aareal Bank.
The refinancing follows Oxford’s completion of a comprehensive renovation scheme at the 238,000-square-foot building, which upgraded the office’s environmental performance, amenity offering and technology capabilities.
The building offers outdoor meeting and working spaces on a 1,400-square-meter (15,070-square-foot) rooftop terrace, which is exceedingly rare in the city, and offers workspaces with views of Paris’s historic cityscape.
Through Oxford’s investments into digital infrastructure enhancements, 32 Rue Blanche has achieved WiredScore’s highest rating of “Platinum,” with wi-fi connection extending to its rooftop workspaces. Additionally, the renovation program led to an upgrade in the building’s BREEAM sustainability rating from “Good” to “E