The respective transactions were carried out as a joint venture between Neinver and TIAA, a financial services company part of the TH Real Estate matrix.
For this, Neinver and TH Real Estate recently closed on the acquisition of six outlet centres in Spain, Italy and Poland, as part of joint venture. The funds obtained are for the purchase of five of these assets: San Sebastián de los Reyes The Style Outlets, Getafe The Style Outlets and Las Rozas The Style Outlets in Spain; Vicolungo The Style Outlets in Italy; and Factory Poznan in Poland.
The financing of the three Spanish assets, for a sum of 187 million euros, was provided by the Spanish branch Crédit Agricole Corporate and Investment Bank and by Natixis S.A., who are bookrunners, for a period of seven years.
The financing for Vicolungo The Style Outlets, an amount of 126 million euros, was provided by the Milan branch Crédit Agricole Corporate and Investment Bank, also for seven years.
Finally, the purchase of the Polish centre, Factory Poznan, was financed by a syndicate of entities led ING Bank by means of credit extension already granted to two other Polish assets of the joint venture. BG BNP Paribas, part of the BNP Paribas group, joined the syndicate during the acquisition of the centre.