€900 million corporate credit facility for Multi Corporation (NL/DE)

Multi Corporation B.V. has entered into a €900-million corporate credit facility arranged by its corporate lenders Hypo Real Estate Bank International A.G. and NIBC Bank N.V. The new facility will expand the existing corporate credit facilities, and enables Multi to further realize their growth ambitions.

Backed by one of the Morgan Stanley Real Estate Funds, Multi has successfully changed its strategy from that of a pure 'merchant developer' to an 'investing developer'. A strategy that proves successful. In addition, Multi has expanded its business in many of the European markets in which it is active. Multi has also recently opened new offices in Poland, Romania, Ukraine, Bulgaria and Luxembourg. Multi's impressive number of acquisitions across Europe increases the investment opportunities in Multi's own developments.

Source: Multi

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