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Oxford Properties completes €182.5 million green refinancing with Aareal on comprehensively renovated Paris office

PARIS, FRANCE – 22 OCTOBER 2024: Oxford Properties Group, a leading global real estate investor, developer and manager, today announced it has successfully refinanced 32 Rue Blanche, a Class-A office building in central Paris, having agreed a €182.5 million green loan with Aareal Bank, a leading international property specialist.

The refinancing follows Oxford’s completion of a comprehensive renovation scheme at the 238,000 sq ft building, which significantly upgraded the office’s environmental performance, amenity offering and technology capabilities, transforming 32 Rue Blanche into one of the most sustainable and connected workplaces in the highly supply constrained Paris office market.

Source: press release sent 22 Oct 2024