Helios Secures €810m refinancing deal for Lar España's retail assets

Helios, backed by Hines and Grupo Lar, has finalized a refinancing agreement with Morgan Stanley and Santander for €810 mln. 

Lagoh - Grupo Lar

This deal covers Lar España's portfolio of retail parks and centres, following Helios's successful takeover bid for the REIT earlier this year.
The refinancing is a key part of the post-acquisition reorganization, with the same banks that supported the takeover now backing this deal. The ultimate goal is the merger of Lar España into Helios, which will then be rebranded as Helios RE REIT.
According to Helios, the agreement's terms reflect Lar España's strong financial standing and the value of its 12 retail properties. 
A&O Shearman and Freshfields advised on the transaction.
Vanessa Gelado, a board member of Lar España and future president of Helios RE Socimi, commented: "This step marks the beginning of a new era for Lar España. We are moving away from bridge financing to a financial structure designed to support our business plan and respond swiftly to market opportunities.