Atlante Gestion is proud to announce the refinancing with the German Bank NordLb of one of its social Infrastructures Fund’s asset, the « SEPIA » project.
This partnership contract relates to the financing, design, construction and upkeep maintenance of four middle schools for the Seine St Denis Department. The project is operation since 2014.
Project Name: Collèges Ile-de-France Lot 2 (refinancing)
Borrower name: SEPIA Partenariat
Refinancing Date: 04/28/2021
Sponsors: Atlante Gestion / Cofely Finance & Investissement
Location: Paris, France
Sector: Social Infrastructure
Total Loan Amount: c. EUR 51.5m
Tranches: Dailly Debt: c. EUR 50.7m
Project Debt: c. EUR 0.8m
Purpose: Non-recourse PPP of four operational colleges in Montreuil, Pavillons, Stains and Villepinte
Bank Advisor: Legal Advisor: Taylor Wessing
Technical Advisor: Mott MacDonald
Sponsor Advisor: Financial Advisor: Sigée Finance
Hedging Advisor: Ester
NORD/LB Roles: Sole Arranger, Hedging Bank, Facility and Security Agent, Account Bank
Atlante would like to take this opportunity to warmly thank all the participants who contributed to the success of this operation !
Lead investor in the construction and rehabilitation of four middle schools in the Sarthe region, located in Arnage, Coulaines, Le Mans and Noyen-sur-Sarthe to receive 2,300 students.
The project was subject to carbon assessment. Seeing the results, in end-January 2018, CERTIVA awarded MAINE COLLEGES 72 permanent HQE (high environmental quality) certifications for the “Programme Design” phase for each of the schools. The permanent HQE certification for the “Development” phase was awarded in November 2019 for all the schools.
As of November 2019, MAINE COLLEGES has also been awarded the Effinergie + label. This label testifies to the improvement in the buildings’ energy efficiency in relation to the 2012 Réglementation Thermique (the 2012 Heat Regulation).
Wastewater is let into the wastewater sewerage systems of the towns concerned.
A rainwater harvesting system is planned for sanitary use, so as to cover 10% of the water requirements for toilet bowls and urinals in the toilet facilities.
Implementation of waste segregation.
All materials used in the construction have zero or very low VOC (Volatile Organic Compounds) levels.
The schools were equipped with low temperature radiators that require 30% less energy to provide the same thermal comfort given their much larger contact surface with the ambient air.
Ceiling radiant panels that allow a more accurate monitoring of power consumption, have been installed in the canteens.
PV solar panels will be installed horizontally on the roof, covering a total area of 57.12 m2.
The kitchen appliances run on electricity and are equipped with an energy optimiser.
The project complies with contractual commitments in terms of first-time employment, namely 20,000 work hours, and in employing SMBs for which the recruiting rate is 40%.
Asbestos removal and demolition works are carried out during school vacations and the floors are hosed in case of heavy dust.
Instead of a rock-breaker, the alligator crusher is used with rubber mallets to avoid the noise of metal against metal