German regional bank Helaba has structured and concluded a EUR 76.7 mln financing for the acquisition of the Nisa shopping centre in the Czech city of Liberec by one of ING real Estate's funds. Helaba said it acted as sole arranger and lender to provide the loan just five weeks after receiving the mandate.

German regional bank Helaba has structured and concluded a EUR 76.7 mln financing for the acquisition of the Nisa shopping centre in the Czech city of Liberec by one of ING real Estate's funds. Helaba said it acted as sole arranger and lender to provide the loan just five weeks after receiving the mandate.

The transaction was conducted through Helaba’s origination unit Northern and Central Europe.

ING Real Estate announced on 12 January that it had acquired the shopping centre, the largest in northern Bohemia for EUR 125 mln. Following an extensive refurbishing and expansion, the property has been added to the ING Property Fund Central Europe.

Since the start of its activities in northern and Central Europe in 2006, Helaba has provided more than EUR 2.6 bn in funding, specialising particularly in acquisition and structured financings for international investors and investment funds.