Hypo Real Estate Group will provide finance to the British Ability Group to set up a German retail portfolio, the bank said on Wednesday. Hypo will provide a credit line of EUR 100 mln. Ability Group will look for investment opportunities in Germany, where it has already purchased six supermarkets in Northrhine-Westphalia and Lübeck.
Hypo Real Estate Group will provide finance to the British Ability Group to set up a German retail portfolio, the bank said on Wednesday. Hypo will provide a credit line of EUR 100 mln. Ability Group will look for investment opportunities in Germany, where it has already purchased six supermarkets in Northrhine-Westphalia and Lübeck.
Formed in 1996, Ability Group is a British real estate company with a £1 bn portfolio of UK property assets consisting of 6,000 apartments in central London.