Cross-border real estate finance team advises BNP Paribas on mortgage financing for Blaak 16, Rotterdam

Global law firm Norton Rose Fulbright has advised BNP Paribas on the refinancing of the office accommodations of approximately 14,500m² located at Blaak 16 in Rotterdam.

Blaak 16 is situated in Rotterdam’s central business district and operates as a state-of-the-art, sustainable workspace facility. The multi-tenant office building offers 11 storeys of premium, professional amenities and currently houses several market-leading companies as long-term tenants.

The building’s owner, Blue Horizon Investors, has successfully arranged a refinancing agreement with BNP Paribas for a new senior facility, acquiring full ownership of the plot of land with aims to further enhance the building’s strategic ESG proficiency and overall sustainability.

The cross-border Norton Rose Fulbright team advising on the deal was co-led by banking and finance Partner and Head of Middle East, Mohammed Paracha and banking and finance Counsel in Amsterdam Jasper Dijkshoorn, who said:

“We are proud to have supported our client, BNP Paribas, on this key financing regarding Blaak 16, one of Rotterdam’s foremost and premier office buildings. This transaction will help realise the owner’s vision for further developing the building’s ESG and sustainability potential.”

Mohammed Paracha and Jasper Dijkshoorn were supported by banking and finance Associate Enes Altintop and from the notarial team Partner Geert-Jan van Rijthoven, Counsel Stefanie Walthaus, Associates Nivard Witte and Iris Hein in Amsterdam, Partner Stephane Braun, Counsel Nam Nguyen and Associate Christina Jovanov in Luxembourg and Associate Yasser Muflahi in Dubai.

Norton Rose Fulbright’s global real estate finance team has extensive experience advising across the full spectrum of domestic and cross-border real estate financings, including high-value and complex transactions and major real estate developments and acquisitions. The firm’s real estate finance capability is driven by years of experience advising all stakeholders across the whole spectrum of real estate transactions. We act for lenders, borrowers, arrangers, issuers and investors and have advised on some of the largest and most complex structured real estate financings in the last decade.