German lender DekaBank has provided €41 mln senior financing for the acquisition of an office and hotel property in Berlin on behalf of an institutional fund managed by Schroder Real Estate.
German lender DekaBank has provided €41 mln senior financing for the acquisition of an office and hotel property in Berlin on behalf of an institutional fund managed by Schroder Real Estate.
The loan has a 10-year term.
Amar Latif, in charge for the German real estate lending activities at DekaBank commented: 'With Schroders we have established a good relationship in 2015. We look forward to helping them further with their real estate strategy in Germany.'
DekaBank was advised by King & Spalding and Arendt & Medernach. Jones Lang LaSalle provided valuation advisory services.
