German lender Helaba announced on Wednesday that it is financing the construction of Le Coeur project in Düsseldorf for client together with three major savings banks Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln.
The €270 mln facility goes to finance Le Coeur office and commercial project which will provide around 47,500 m2 of gross space in a prime location on Düsseldorf's Königsallee.
Helaba has been supporting the project since shortly after the purchase at the end of 2020.
'We are very pleased that we are continuing the very good partnership with Helaba at ‘Le Coeur’ until the completion of this heartfelt project. 'Le Coeur' shows that robust prime locations are in great demand even in challenging times, be it in financing, rental or even construction,' said Benjamin Biehl, managing director of Hines Düsseldorf.
'Development financing of this quality and complexity requires a powerful and professional team of experts who can support the coordination processes quickly and efficiently and bring the transaction to a successful conclusion,' added Dietmar Klein, head of Real Estate Finance Syndication at Helaba.
