Luxembourg-based real estate investment manager Corestate Capital Group has refinanced a €150 mln high-street retail portfolio in central Germany with a mix of senior and junior debt.
Flatow AdvisoryPartners advised on the selection and structuring of the conditions of the mezzanine capital, which was provided by alternative financier Caerus Debt Investments in the amount of €25 mln.
The portfolio comprises 68,000 m2 of lettable area across 13 prime locations in cities in central Germany.
'Thanks to our international network, we were able to identify appropriate capital partners and negotiate a customised model of conditions for our client. The particular challenge lay in raising financing within the context of an existing complex capital structure,' said Curth-C. Flatow, founder and managing partner of FAP.
