German private residential property firm Deutsche Annington has secured an early EUR 150 mln refinancing deal for a securitised loan from North German Landesbank NordLB.
German private residential property firm Deutsche Annington has secured an early EUR 150 mln refinancing deal for a securitised loan from North German Landesbank NordLB.
The Prima loan, structured as part of the EUR 255 mln Opera Germany (No.1) CMBS, was initially due at year-end 2012 and has now been replaced by a new seven-year credit facility. Closing is planned for the end of March 2012.
The debt package was taken over by Deutsche Annington as part of the acquisition of Berlin-based Prima Immobilien KG at the end of 2009.
