German lender Berlin Hyp announced on Thursday that it is providing a three-digit million euro amount to a special fund managed by Real IS over a term of 10 years.
The facility will be used to finance the purchase of a residential portfolio with a commercial share at four locations in Germany. The properties to be mortgaged include the Merheim Ensemble in Cologne, the Westside Tower in Frankfurt, the Alexanderquartier in Berlin and the Prager Carrée in Dresden.
The buildings in this portfolio were constructed between 2015 and 2016 and have a total rental area of around 69,000 m2.
