German bank Hypo Real Estate said that it has provided loans over the last month worth a total of circa EUR 360 mln. The financing facilities consist of an EUR 45 mln multi-country loan to the AIM-listed Ablon Group, on 13 November 2007, to refinance a portfolio of two office buildings in Budapest, and one office in Prague; a EUR 55 mln facility to Amesbury on 29 October 2007 to refinance seven warehouse and office buildings located in two business parks in Prague; an EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria, Hungary and Slovenia; and a $210 mln (EUR 142 mln) financing facility to RosEvroDevelopment in relation to the Krekshino Logistics Park, Moscow on 22 October 2007.
German bank Hypo Real Estate said that it has provided loans over the last month worth a total of circa EUR 360 mln. The financing facilities consist of an EUR 45 mln multi-country loan to the AIM-listed Ablon Group, on 13 November 2007, to refinance a portfolio of two office buildings in Budapest, and one office in Prague; a EUR 55 mln facility to Amesbury on 29 October 2007 to refinance seven warehouse and office buildings located in two business parks in Prague; an EUR 124 mln facility to Babcock & Brown Group for the acquisition of a portfolio of six retail assets in Austria, Hungary and Slovenia; and a $210 mln (EUR 142 mln) financing facility to RosEvroDevelopment in relation to the Krekshino Logistics Park, Moscow on 22 October 2007.
'These transactions stand as examples for the continued positive development of the group's business,' said Harin Thaker, CEO Europe, Middle East & India. 'Our ability to conduct business across different regions even in challenging times with swift execution demonstrated the strength of our business model,' he added.
