Austrian real estate company CA Immo and UniCredit Bank have agreed €90 mln of new financing with terms of five and two years respectively for two neighbouring Berlin office buildings near Potsdamer Platz.
The Class A Grasblau office building was developed by CA Immo for its own portfolio, was completed in 2022 and is almost fully let.
The neighbouring office building Hallesches Ufer 74-76 is to be repositioned on the market as a modern Class A office building in the coming years as part of a complete redevelopment and will support the sustainable transition of the CA Immo portfolio.
The €70 mln financing tranche for the Grasblau office building was structured as a green loan based on DGNB Gold sustainability certification.
Andreas Schillhofer, CFO of CA Immo, said: ‘Following successful, large-volume refinancing activities in 2023, we are delighted to have received a further financing commitment in a market environment that remains challenging, especially for new property financing.
'This further proof of our good access to bank financing confirms our strategic approach of consistently paying attention to stable, conservative financing ratios and focusing our portfolio on high-quality and sustainable prime assets across CBD locations in metropolitan cities.
'This creates trust among tenants, shareholders and also our financing partners.'
Christian Federspieler, head of real estate Germany at HypoVereinsbank, added: 'We are delighted to support CA Immo with this green loan as part of our long-standing and trusting cooperation.
'The real estate industry is an important part of a sustainable economy. As a financing partner, it is therefore particularly important to us to accompany the sector on its way to a more sustainable future.'
