Hypo Real Estate Bank International has completed a EUR 424mln financing facility to allow Paris-listed real estate investment trust Societe de la Tour Eiffel (STE) to expand its business park activities. The funding was provided to Locafimo, a wholly owned subsidiary of STE, and becomes effective on the date of the merger of business park firms Locafimo and Parcoval. STE acquired Locafimo in 2006 and Parcoval in 2007.
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