Lender Berlin Hyp said this week that is providing LEG Immobilien with a loan of €100 mln for a period of up to 12 years to finance a German residential portfolio.
The package includes a total of 74 properties encompassing over 8,000 residential and 22 commercial units.
The mortgaged properties are regionally focused and are located in Düsseldorf, Duisburg and Kaarst, as well as Monheim, Hamm, Ratingen and Essen. They provide a total rental area of 530,300 m2 and are almost fully rented.
