Rockspring Secures Debt Facility for French Retail Asset
Rockspring Property Investment Managers has received one of the largest financing deals in France so far this year, securing a €219 million debt facility for the O’Parinor Shopping Centre in northern Paris. The loan was secured on behalf of NPS Real Estate Projects LP, Rockspring’s venture with South Korea’s National Pension Service.
The debt facility was signed with Landesbank Hessen-Thüringen Girozentrale (Helaba) acting as agent and arranger, and Aareal Bank AG as co-arranger. The loan has a five-year term, with extension options for two more years.
“Given the current situation in the debt market, securing this loan on such terms is a reflection of