German lender Berlin Hyp has provided a seven-year, €70 mln loan to real estate asset manager Fotex Netherlands for the refinancing of 11 buildings.
The portfolio consists predominantly of office buildings located for the most part in cities in the economically strong Randstad conurbation, including Amsterdam, Rotterdam and Utrecht.
The 70,000 m2 of rental space have been fully leased out. Among the tenants are government leaseholders, such as the Rijksgebouwendienst (Government Buildings Agency of the Netherlands), as well as international brands like L'Oreal and BDO.
APF International will be responsible for the asset management.
