Deutsche Hypo, Deutsche Pfandbriefbank and Helaba finance Leipzig shopping centre ‘Höfe am Brühl’ (DE)

Deutsche Hypothekenbank, Deutsche Pfandbriefbank (pbb) and Helaba are jointly financing the ‘Höfe am Brühl’ shopping centre in Leipzig. The borrower is a company owned by mfi Management für Immobilien AG. Helaba, pbb and consortium leader Deutsche Hypo are each providing one third of the total finance volume of €170 million.

‘Höfe am Brühl’ is located in Leipzig city center between the Richard-Wagner-Platz square, Brühl, Richard-Wagner-Straße and Am Hallischen Tor. The shopping center opened last September and has a useful area of around 44,000 m², 133 shops and restaurants and 820 parking spaces. Among its biggest tenants are Edeka, Media Markt, H&M, Tayler Moden and Müller Drogerie. The property also comprises 31 apartments.

“The shopping center impresses above all with its modern design and first-class location in the heart of Leipzig,” explained Andreas Pohl, member of the Board of Managing Directors of Deutsche Hypo, on behalf of the bank consortium. “We are delighted to be jointly financing this remarkable retail property with Helaba and pbb and in so doing also broadening our partnership with our longstanding customer.“

Source: MJ2 Limited

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