German lender Helaba has announced it is acting as syndicate leader in the provision of EUR 250 mln financing for the purchase of a Munich business park.

German lender Helaba has announced it is acting as syndicate leader in the provision of EUR 250 mln financing for the purchase of a Munich business park.
The other banks in the club deal are Westdeutsche ImmobilienBank (Westimmo), KfW IPEX-Bank and Deutsche Genossenschafts-Hypothekenbank (DG Hyp). The financing was for the purchase of a business park in Munich Neuperlach.

The business park comprises 36 buildings with more than 370,000 m2 of net floor area on a plot of more than 425,000 m2. The acquisition of the property, which is let long-term to Siemens, was conducted via a private placement by HIH Hamburgische Immobilien Handlung and the RFR Holding.

Helaba is acting in this transaction as sole mandated lead arranger, security agent, co-underwriter and swap-provider, through its unit Southwest Region of Real Estate Lending Germany.

Siemens, which holds all the buildings on a long lease, uses the location as a centre (head office) for research and development, IT, financial services, real estate and also internal service units.