PropertyEU

IVG fund in EUR 455m financing for cavern deal

By A staff reporter 2011-02-02T00:00:00

Germany's largest property company IVG Immobilien has received a EUR 455 mln long-term financing facility from a bank consortium led by Commerzbank for the purchase of a portfolio of 30 caverns still under construction. The acquisition is earmarked for the IVG Caverns fund, which was launched in 2008 with EUR ...

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