March 24, 2020

Helaba to finance Investcorp’s acquisition of Coca-Cola offices

Helaba to finance Investcorp’s acquisition of Coca-Cola offices

Helaba is financing the sale-and-leaseback of Coca-Cola's Belgian headquarters for Investcorp, a leading global provider and manager of alternative investment products. The total commitment amounts to EUR 53.1 million. The loan facility for the property, which is fully let to Coca-Cola Services on a long-term basis, has a term of five years.

The modern office complex with a total area of over 35,300 sqm is ideally situated on the outskirts of the Belgian capital Brussels. The complex consists of the main building, which mainly comprises offices, and an additional building in which an R&D centre is located.

Helaba has been active in the Benelux countries for many years. Brussels, Luxembourg and the Dutch Randstad region are among the bank's most important target markets outside Germany.

Martin Erbe, Head of Real Estate Finance Central at Helaba, comments: "We are delighted to be able to expand our portfolio in Belgium, one of our key target markets, by financing this well-let and attractive property as well as to support Investcorp in acquiring this asset".

Investcorp was supported by JLL’s Frankfurt based Debt Advisory team. “To help our client securing the transaction and to realise Investcorp’s investment model, we identified Helaba as competitive lender ensuring a swift and efficient transaction process," says Anke Herz, Team Leader Debt Advisory Germany.

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