Berlin Hyp/Landesbank Berlin AG and DG HYP Deutsche Genossenschafts-Hypothekenbank AG have syndicated a 107 million investment facility for three properties acquired by French REIT, Foncière des Régions. Berlin Hyp has acted as the lead arranger.
"This facility financing the acquisition of three properties by Foncière des Régions underlines our confidence, and DG HYP's long-term commitment to the French real estate market", said Anne-Isabelle Carbonnières, Head of DG HYP's Paris representative office.
Assem El Alami, Head of International Investor Sales at Berlin Hyp / Landesbank Berlin AG, supported this view, adding: "We are pleased that we were able to successfully close this French facility within a short timeframe. The transaction affirms the strong Real Estate Finance franchise of Berlin Hyp and Landesbank Berlin AG."
Source: Berlin Hyp