A consortium of German lenders comprising BayernLB and Deutsche Hypo has provided a 50/50 financing facility for the redevelopment of the Ludwigpalais office-led scheme in Munich's Maxvorstadt city district. The borrower and developer is Quantum Immobilien. The size of the loan was not disclosed.
A consortium of German lenders comprising BayernLB and Deutsche Hypo has provided a 50/50 financing facility for the redevelopment of the Ludwigpalais office-led scheme in Munich's Maxvorstadt city district. The borrower and developer is Quantum Immobilien. The size of the loan was not disclosed.
Ludiwgpalais consists of five listed buildings, and a planned new one. Overall, the complex offers almost 20,000 m2 of rental space, with the office element featuring an occupancy rate of 73%.
'With its mix of commercial and residential space, Ludwigpalais fits our financing portfolio very well,' said Andreas Pohl, a member of the board of Deutsche Hypo.
