Deutsche Hypo finances Essen mall project

German lender Deutsche Hypo has provided €37.6 mln in financing for a shopping centre project in Essen.

The loan term for FMZ Food, which owns the centre, is 15 years.

Metro Properties and LHI Leasing are co-investment partners in FMZ Food.

The property will offer 25,000 m2 of space for retailers and service providers. The project is scheduled for completion this year.