Eurohypo AG and Natixis have jointly arranged the financing of the acquisition by UBS Wealth Management - Continental European Property Fund of two office-building-Ensembles, located in Frankfurt central business district. The deal includes the 'Skyper Tower'-Ensemble (photo), including a 43,000-m² 38-story office building and the 'Alkmene Building'. The banks provided a 350 million senior facility for this acquisition.
The mandate was awarded following a closely-contested tender process led by Shaftesbury Asset Management, which advised the UBS Wealth Management - Continental European Property Fund managed by UBS AG on this deal.
"For us, this landmark-deal is an important signal for the confidence, that big foreign investors already have in the German real estate market," Jochen Heuchert, Head of Eurohypo's Frankfurt Branch, said. "We are very proud to be arranger of this deal in the heart of Frankfurt, including such a wonderful and architecturally demanding building like the Skyper Tower, which is within the range of vision of our Frankfurt Office."
"We are extremely pleased to have been retained by the Fund and Shaftesbury Asset Management to arrange the financing of this very important investment. This clearly shows our commitment to the German real estate market and bodes well for the growth of our activities and team in the future," said Antoine Bastien, Executive Director Real Estate Finance at Ixis Corporate and Investment Bank, a fully-owned subsidiary of Natixis.