Hypo Real Estate Bank International has announced two major property-financing deals this week. The first involves the provision of EUR 60 mln across three investment facilities to unnamed international clients of Strategic Real Estate Investors, with the final transaction completing on 21 September. Strategic's clients are using the facilities to assemble a pan-European portfolio, including three office buildings totalling 14,300 m[sup]2[/sup] around Brussels, an office and two distribution buildings totalling 8,300 m[sup]2[/sup] in Luxembourg, and a 15,700 m[sup]2[/sup] office building in Berlin.
Hypo Real Estate Bank International has announced two major property-financing deals this week. The first involves the provision of EUR 60 mln across three investment facilities to unnamed international clients of Strategic Real Estate Investors, with the final transaction completing on 21 September. Strategic's clients are using the facilities to assemble a pan-European portfolio, including three office buildings totalling 14,300 m2 around Brussels, an office and two distribution buildings totalling 8,300 m2 in Luxembourg, and a 15,700 m2 office building in Berlin.
The second is the completion on 25 September of the EUR 89 mln refinancing of a portfolio of hypermarkets in the Czech Republic and Slovakia. In this case the investment facility has been provided to a series of SPV borrowers controlled by Czech Property Investments. The portfolio consists of thirteen stand-alone hypermarkets in medium sized regional towns, totalling more than 79,000 m2 and predominantly let to Ahold and Tesco.