ING Real Estate Investment Management said on Tuesday that it has reached an agreement with German lender Helaba for a new EUR 80 mln debt financing package for its Nisa Shopping Centre in the Czech Republic. The long-term financing covers refinancing of existing loans and the recent extension of the Nisa Shopping Centre in Liberec, Northern Bohemia, owned by ING Property Fund Central Europe.
ING Real Estate Investment Management said on Tuesday that it has reached an agreement with German lender Helaba for a new EUR 80 mln debt financing package for its Nisa Shopping Centre in the Czech Republic. The long-term financing covers refinancing of existing loans and the recent extension of the Nisa Shopping Centre in Liberec, Northern Bohemia, owned by ING Property Fund Central Europe.
The financing from Helaba partly concerns the original Nisa shopping centre with its 50,000 m2 and partly the new self-standing building for Sconto nábytek, a subsidiary of European-wide furniture seller Höffner, located next to the shopping centre.
Since the refurbishment and extension, which was completed in autumn 2009, Nisa now offers over 60,000 m2 of lettable area. Helaba acted as sole arranger and lender through its Northern and Central Europe unit.
Since the start of its activities in Northern and Central Europe in 2006, Helaba has provided more than EUR 3.1 bn in funding, focussing on acquisition and structured financing for international investors and investment funds.
