Hypo RE provides EUR 225m financing to CEIF

Hypo Real Estate Bank International has agreed to provide a EUR 225mln facility to refinance the entire real estate portfolio of Central European Industrial Fund (CEIF). CEIF is a Luxembourg fonds commun de placement (FCP), jointly managed by Morley and Valad Property Group. The CEIF portfolio comprises 21 industrial/warehouse assets with some 590,000 m2, spread throughout CEE (Poland, Czech Republic, Romania and Hungary), and leased to more than 250 tenants.

'We are very pleased to work again with Morley in Central Europe, where we have an extensive partnership across five countries and a number of asset classes and funds. We are also very pleased to be working in one of our core regions with Valad Property Group’s expanding CEE business, and we are very much looking forward to expanding further our relationship with both parties', said Harin Thaker, member of the board of Hypo RE Bank International and responsible for Europe, the Middle East and India.

Morley is the UK-based asset management business of insurance firm Aviva. It manages both institutional and retail funds and acts as investment manager for a range of retail investment funds. The property team manages more than £ 31bn (EUR 43bn) of UK and European property assets.

Valad is a diversified, value-adding property fund manager, investor, developer, and property investment banker with an Asia Pacific and Pan European platform.