La Française Real Estate Managers completes the refinancing of “Balthazar” in Saint-Denis (93), France

Paris, 14 October 2025

PRESS RELEASE

La Française Real Estate Managers (REM) recently completed the refinancing of the “Balthazar” building, located at 1 Chemin du Cornillon in Saint-Denis (93). The asset management team of the institutional division of La Française REM has managed this property since its acquisition in 2018 on behalf of two institutional investors. The refinancing was negotiated with HELABA, acting as sole lender.

The 32,000 m² complex, BREEAM In-Use “Excellent” certified, is fully leased to Orange under a long-term lease that was recently renewed.

Antoine LE TREUT, Deputy Managing Director, in charge of La Française REM’s institutional division for France, stated: “With ten refinancing operations completed over the past 24 months, amounting to nearly one billion euros, we have effectively demonstrated the strength of our platform and the quality of the support we provide to both our financial partners and our investors.”

For this transaction, La Française Real Estate Managers was advised by David LACAZE and Marjorie BODINO of Norton Rose Fulbright and by Cécile MIRALLES and Emmanuelle SERANDOUR of Flusin, Notaires & Associés. The lender was advised by Jean-Maurice GAILLARD and Raphaële CREMONA of Archers AARPI, Etienne PICHAT and Astrid COMMEAU of Allez et Associés and by First Growth Real Estate & Finance.

About La Française

La Française, the asset management division of the first benefit corporation bank, Crédit Mutuel Alliance Fédérale, offers conviction-based investment strategies across all asset classes, combining performance targets and sustainability objectives. As a multi-specialist asset manager, its teams focus on their core expertise while integrating advanced ESG principles into their analyses and investment processes. La Française operates across listed and 

unlisted markets, including real estate. With over €160 billion in assets under management*, 1,000 professionals and a presence in 10 countries, La Française designs innovative investment solutions tailored to clients’ objectives and investment horizons.

* 30/06/2025

More information about la-francaise.com

Contact La Française:
Pascale Cheynet: +33 1 43 12 64 25 | pcheynet@la-francaise.com
Debbie Marty: +33 1 44 56 42 24 | debmarty@la-francaise.com

Disclaimer

Issued by La Française Finance Services, whose registered office is located at 128, boulevard Raspail, 75006 Paris, France and authorized by the ACPR ("Autorité de contrôle prudentiel et de résolution") under no. 18673 as an investment service provider.

The portfolio management company La Française Real Estate Managers received AMF accreditation No. GP-07000038 on 26 June 2007 and AIFM accreditation on 24 June 2014 under Directive 2011/61/EU (www.amf-france.org).