Successful Refinancing Batavia Stad
Batavia Stad Fashion Outlet (“BSOS”), located in Lelystad, opened in 2001 and was the first premium outlet centre in the Netherlands. BSOS is owned by VIA Outlets, an investment fund established in 2014 with a portfolio of outlet centres across Europe. BSOS covers more than 150 stores with more than 250 brands and several cafés and restaurants. It offers the perfect shopping experience with international fashion brands, from Polo Ralph Lauren, Hugo Boss, Nike, Michael Kors, Le Creuset and Tommy Hilfiger. After an expansion in 2017, BSOS comprises a total sales area of 31.300 sqm.
In 2018, Helaba Landesbank Hessen-Thüringen has underwritten a long-term facility for VIA Outlets totalling €100m to refinance the BSOS. In this transaction, BSOS was advised by Beaufort which assisted with all aspects of the whole refinancing process. Based on a detailed financing memorandum and subsequent competitive lender selection process, Beaufort together with Via Outlets determined the optimal financial solution. Beaufort has supported Via Outlets with the structuring, negotiations and closing of the loan.
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