Develica breaches covenant on Blue Star loan

By A staff reporter 2011-02-08T00:00:00

German investor Develica Deutschland (DDL) has breached the loan to value covenant on its second largest property portfolio, Bluestar, consisting of three office buildings totalling 80,000 m[sup]2[/sup] in Bonn, Munich and Stuttgart.

You have now reached your article limit

Already have an IPE Real Assets account? Sign in

PropertyEU has merged with IPE Real Assets

If you had a PropertyEU account, simply reset your password to get access to IPE Real Assets.

New users can Register for free today for access to the PropertyEU Archive and IPE Real Assets.

Registration also includes access to IPE

Five reasons to register today

Access IPE Real Assets articles
Daily news alerts and updates
Track what the world’s leading institutional investors are doing
Learn about the latest industry research and market analysis
Comprehensive archive of data and intelligence on investors and fund managers, including the PropertyEU Archive

SEE HOW IPE REAL ASSETS CAN HELP YOUR business