Fieldfisher Paris advises private debt fund on its bond financing of the acquisition of logistics warehouses in Le Havre

Fieldfisher's Financial Markets and Products (FMP) team in Paris has advised UBP Private Debt Fund III (the “Fund”) on the bond financing of the acquisition of several logistics warehouses in Le Havre. This was the Fund's first deal in France. The financing was provided to an SPV sponsored by Qilin Company, who will develop 47,862 sq. m. warehouses on a 148,650 sq. m. plot of land in a strategic position in the Port of Le Havre and next to the Tancarville canal in Normandy.
 
The Fieldfisher Paris team who worked on the deal were Hélène Lefebvre, Adrien Dubois and Jihane Chraibi, alongside Etude Allez & Associés, a notary who worked on the real estate due diligence aspects. They acted for the Fund, managed by the London-based Private Debt team of Union Bancaire Privée (UBP) creating a complex €24m bond issuance programme.
 
Hélène said: "This was a complex deal that involved the sale of several properties. We were pleased to be able to overcome a number of challenges and secure a very successful outcome for our client."
 
Commenting on the deal, Colin Greene, Head of Private Debt at UBP, said: “We were pleased to arrange this debt transaction in the logistics space on behalf of UBP Private Debt Fund III. We are particularly grateful to Fieldfisher partner Hélène Lefebvre, and to Delphine Lugagne-Delpon, notary at Etude Allez & Associés, for their excellent stewardship of this transaction”.