Berlin Hyp finances part of the development of a new office building "HAMØ" near Paris for UBP’s governmental real estate strategy with € 152.7 million

Berlin Hyp is providing Swiss Private Bank Union Bancaire Privée (UBP)’s governmental real estate strategy with a loan amount of € 152.7 million for a term of seven years. Financing is being provided for the development of the "HAMØ" office building in Landy district in the city of Saint Denis near Paris. The building was purchased end 2021 in a forward sale agreement (VEFA) with a delivery date expected in March 2024.

The office complex will have a total lettable area of approximately 32,000 square meters including some retail space and about 200 parking spaces. The office area is fully pre-let to the French railway company SNCF with a 12-year lease. The building was designed by architect Henning Larsen. Upon completion in 2024, the building is expected to have 4 energy labels of which the BREEAM "Excellent" certification to attest to the building's sustainability. This makes the financing suitable for the Berlin Hyp green Pfandbrief.

Berlin Hyp was advised on the transaction by the law firm Allen & Overy and the notary's office Allez & Associés.