Canada: Lender Aareal Financial institution AG has supplied refinancing to Carbonleo, a Canadian real estate development and management company, for the 4 Seasons Resort Montreal.
Germany-based Aareal Financial institution acted as arranger, facility agent, and safety agent for the transaction.
Carbonleo is a non-public Canadian actual property growth and administration firm based in 2012 by Andrew Lutfy. The corporate focuses on mixed-use and experiential actual property growth, notably on cityscape initiatives.
The 169-room, mixed-use 4 Seasons Resort opened in 2019 and is positioned within the Golden Sq. Mile of Montreal. It has been awarded Inexperienced Key World’s highest distinction – a five-key eco-rating – and likewise affords high-end retail in addition to unique personal residences.
Antoine Bernier, vice chairman of investments at Carbonleo, stated: “It’s a nice honour to ascertain this new partnership with Aareal Financial institution, constructed on belief, experience, and a shared imaginative and prescient for the long run hospitality in prime city markets.”
Bettina Graef-Parker, managing director of particular property finance at Aareal Bank, added: “We’re happy to help Carbonleo, a forward-thinking and extremely revered accomplice, with this strategic refinancing. The 4 Seasons Resort Montreal will not be solely an excellent asset in certainly one of Canada’s premier city markets, but additionally a benchmark for sustainable luxurious hospitality and trendy mixed-use growth. This transaction displays our confidence within the resilience and long-term potential of high-quality, sustainable belongings in core city areas.”
Highlights:
• Aareal Financial institution has closed refinancing with Carbonleo for the 4 Seasons Resort Montreal.
• Aareal acted as arranger, facility agent, and safety agent for the transaction.
• Opened in 2019 with 169 rooms, the mixed-use lodge is positioned within the Golden Sq. Mile of Montreal.
