First Growth Real Estate Capital (FGREC) structured and arranged the buy-out of GE Capital's 50% stake in the Mercuriales Towers, Paris with a senior-mezzanine loan refinancing in excess of EUR 80 mln. The vendor was Groupe Colbert, owner of the other 50%.

The 67,000-m2 multi-let towers are located in Bagnolet, on the edge of Paris.

Wilson Lee, Francesca Galante and Cyril de Romance founded FGREC at the end of 2009 to target real estate debt and direct investments in Western Europe.