Aareal Bank is providing the Cerberus Group with a loan amounting to a three-figure million sum for the purchase of two residential portfolios in Berlin. The portfolios comprise a total of 2,700 residential units in popular areas in Berlin.
The Cerberus Group - one of the largest investment companies worldwide - has been represented in Europe via the Cerberus Deutschland GmbH since 2003. For commitments in Europe the group makes available an equity volume of â¬3 billion.
'With the Cerberus Group we have an internationally-renowned business partner. This financing is an example of how we arrange structured financings in Germany corresponding to the standards of our international business', says Dr Ralph Hill, Member of the Board of Aareal Bank AG. Aareal Bank is internationally positioned and so provides property financing solutions for a large number of international clients. 'We expect that the purchase of residential portfolios in Germany will continue to be of highly lively interest to international investors', Dr Hill further explains.
Source: Aareal Bank