Baker & McKenzie advised on a €248 million financing agreement for FONDIS, AEW Europe’s French core retail vehicle, that owns a portfolio with current value of approximately €400 million.

This agreement enables the refinancing of the existing borrowings of FONDIS, that matured on December 31, 2013. It also provides a new credit line for which the drawdown period is 3 years.

AEW Europe is one of the leading European real estate asset and investment managers. Stéphane Sebban, portfolio manager said, “We are delighted that the existing lenders continue to support FONDIS in its new investment phase that will enable the FONDIS’s assets to increase to over €600 million.”

Baker & McKenzie led by partner Pierre-Marie Ouchet and senior associate Fabrice Varandas advised AEW Europe on this transaction.