pbb Deutsche Pfandbriefbank has provided a €170 mln loan to property companies held in a joint venture between the RFR Group and DC Values.
The funds were used to finance the acquisition of an office and retail complex at Leipziger Platz 14-16, as announced by the companies at the end of last year.
'The location of the financed properties at Leipziger Platz – in the close vicinity of Potsdamer Platz – is perfect, with excellent connections to Berlin's transport network and infrastructure,' commented Gerhard Meitinger, head of real estate finance Germany at pbb Deutsche Pfandbriefbank. 'pbb and the investors have already cooperated successfully several times in the past – we admire their professionalism and value their long-standing experience in the high-street retail segment.'
The properties acquired by HGHI Holding comprise a total lettable area of approximately 22,500 m2 and 113 parking spaces. The building use is divided into offices (around 60% of the total area), retail space (around 30%), as well as apartments and storage space. Anchor tenants include Uniqlo, Vodafone and Superdry.
