Amsterdam—Dentons, the world’s largest global law firm, advised an international consortium of banks on a €260 million non-recourse secured green loan to Klépierre for the purpose of financing the Hoog Catharijne shopping center. The consortium consisted of Berlin Hyp (France and Germany), Deutsche Hypo – NORD/LB Real Estate Finance (the Netherlands and Germany), Natixis CIB (France and Germany) and Société Générale (France and Luxembourg). The facility was structured as a green loan based on the sustainable characteristics of the shopping center, reflecting Klépierre’s strong commitment to ESG principles.
Klépierre is the European leader in shopping malls and the second-largest listed owner and manager of shopping centers in Europe. Hoog Catharijne welcomes over 30 million people every year, making it the most visited shopping center in the country. It was recently renovated and is strategically located between the city center of Utrecht and the busiest train station in the Netherlands.
Banking and Finance partner Marcel Janssen led the legal team advising the banking consortium. The team also included senior associate Shivaughn Tets, associate Daan Overwater, junior associate Iris van Noort, and notaries Ines van Dijk and Bas Legger in Amsterdam, as well as partner Jean-Marc Allix and associate Simon Leduc in Paris.
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