Hypo Real Estate Bank International said on Tuesday that it has provided EUR 53mln of investment financing for the acquisition of the Maximillian retail centre in Worth, Germany. The Maximillian Retail Centre consists of a single storey shopping centre and an adjoining Globus DIY store. It was opened in November 2007 with an occupancy rate of 92% and is currently let to 35 tenants. The Globus DIY store has a net leasable area of 12,500 m[sup]2[/sup] and the shopping centre comprises a net leasable area of 21,840 m[sup]2[/sup]. The scheme also features 1,211 parking facilities at the ground level.
Hypo Real Estate Bank International said on Tuesday that it has provided EUR 53mln of investment financing for the acquisition of the Maximillian retail centre in Worth, Germany. The Maximillian Retail Centre consists of a single storey shopping centre and an adjoining Globus DIY store. It was opened in November 2007 with an occupancy rate of 92% and is currently let to 35 tenants. The Globus DIY store has a net leasable area of 12,500 m2 and the shopping centre comprises a net leasable area of 21,840 m2. The scheme also features 1,211 parking facilities at the ground level.
'This is the sixth transaction we have completed with Custom House Capital Limited and it clearly demonstrates the way in which our European business platform works to deliver efficiently and successfully a structured finance solution for clients looking to invest across Europe', said Harin Thaker, member of the board of Hypo RE and responsible for Europe, the Middle East and India.
