Deutsche Pfandbriefbank extends EUR 600m facility for La Denfense tower

Deutsche Pfandbriefbank announced on Tuesday that it has renewed and extended the EUR 600 mln acquisition and development financing of the 'Tour First' tower in La Defense near Paris for Beacon Capital Partners. The financing facility was initially provided in June 2007 to finance the joint venture agreement between Beacon and Axa, including the joint re-development of the tower.

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