Deutsche Hypo has provided a €188 mln credit facility to investment manager Invesco for the refinancing of four office buildings in Germany.
Deutsche Hypo has provided a €188 mln credit facility to investment manager Invesco for the refinancing of four office buildings in Germany.
The assets, located in the cities of Munich, Berlin, Hamburg and Offenbach, provide a total of 120,000 m2 and are all single-let to four tenants including car maufacturer BMW and the German railway company.
The properties are managed by Invesco for one single mandate.
'The quality of these properties fits very well in our loan portfolio,' said Andreas Pohl, CEO of Deutsche Hypo. 'The deal confirms the continued high demand for good German properties by international investors.'
