Munich/Paris – pbb Deutsche Pfandbriefbank, as arranger and agent, and La Banque Postale, as co-arranger, provided in equal shares €160mn long term loans with a maturity of 30 years to the Fondation Nationale des Sciences Politiques, sponsor of the new Sciences Po campus. The transaction is divided in two parts: An acquisition facility of € 80mn provided at end of 2016 as well as a capex facility in the same amount signed in January 2018. The City of Paris, which strongly supports the plan to increase the attractiveness of higher education in the capital city, provided a 75% guarantee for the financing.
The Fondation Nationale des Sciences Politiques, a private law foundation in charge of the Institut d’Etudes Politiques de Paris, bought the Hôtel de l’Artillerie from the French ministry of Defense at the end of 2016 with a view to developing the new Sciences Po campus and additionally streamlining its real estate properties. The new complex, linking the buildings Artillerie and 13 rue de l’Université, will represent half of Sciences Po’s area in Paris, with nearly 22,000m². This will bring together all faculties and almost all Master’s students. The new integrated space will be home of ten research centres and seven graduate schools. Around a redeveloped cloister, gardens, library and cafeteria, the academic community will move freely from learning spaces into innovative, flexible, open and connected work and study spaces.
The heritage restoration, restructuring works and new constructions will last 3 years and will be carried out by Sogelym Dixence as developer. The site will welcome its first students in September 2021.
Media Contacts pbb
Walter Allwicher, +49 89 2880-28787 walter.allwicher(at)pfandbriefbank.com
Nina Lux +49 89 2880-11496, nina.lux(at)pfandbriefbank.com
Media Contacts Banque Postale
Florian Pontarollo, +33 1 55 44 22 38, florian.pontarollo(at)laposte.fr
About La Banque Postale
La Banque Postale, a subsidiary of Le Groupe La Poste, is present in the retail banking, insurance and asset management markets. As a civic-minded bank, it supports its customers by offering a sustainable banking relationship with an extensive range of reasonably priced and accessible products and services. As a local bank providing a public service, La Banque Postale meets the needs of everyone: private individuals, businesses, professionals and the local public sector. It strives to serve its customers through the network of post offices, online and by telephone as part of a fully multi-channel relationship.