La Française Real Estate Managers (REM), a subsidiary of the La Française group, has successfully completed the refinancing of DSQUARE, a 30 000 m2 Grade-A office building located in the Cloche d’Or mixed-use development in Luxembourg.

Completed in 2019, the sixteen-story office building is 100% let to Deloitte LUXEMBOURG under a long-term lease with 7.5 yrs of remaining term.

Acting on behalf of two institutional investors, La Française REM successfully secured a three-year extension of the loan maturity with no additional equity contribution required. The refinancing was provided by Helaba Landesbank Hessen-Thüringen.

David RENDALL, Deputy Managing Director of La Française REM, stated: “These refinancing conditions reflect the long-term quality of DSQUARE, its strong occupier fundamentals and the effectiveness of our asset management strategy, as well as the confidence of the lending market.”