Eurohypo AG, pbb Deutsche Pfandbriefbank and Bayerische Landesbank, announce the completion of the approx. £217-million (approx. 252-million) acquisition financing of Green Park, Reading, for Oxford Properties. The transaction closed on November 23, 2011.
Eurohypo and pbb Deutsche Pfandbriefbank acted as Joint Arrangers while Bayerische Landesbank joined as an Original Lender. Eurohypo is the Agent to the facility and each lender is providing an equal share of the transaction.
Michael Acratopulo, Managing Director, Origination, Eurohypo, commented: "We have been in detailed discussion with Oxford Properties in regard of their acquisition of Green Park, another flagship investment for their expanding European platform, for some months.
"We were committed to this transaction before our temporary lending suspension was announced and are pleased to have been able to provide Oxford our continued support through to completion."
Harin Thaker, Head of Real Estate Finance International, pbb Deutsche Pfandbriefbank added: "We are proud to have delivered Oxford Properties with a financing solution on one of the largest single asset acquisitions in the UK in 2011.
"Oxford Properties is one of our core clients and we were delighted to be able to offer our customers continued support."
Source: pbb Deutsche Pfandbriefbank