German lender Berlin Hyp is providing a loan of €154 mln to Commerz Real – for its open-ended real estate fund hausInvest – over a term of five years.
The facility will finance a residential portfolio made up of 12 properties at different A-locations in Germany, comprising Frankfurt am Main, Hamburg, Berlin and Munich. The total rental area amounts to around 73,000 m2 and 80% of it is used for residential purposes. The other areas are rented as offices or retail spaces.
