Helaba has structured and concluded the financing of the Nisa shopping center in Liberec. The funding amounts €76.7 million for a property fund managed by ING Real Estate. Acting as sole arranger and lender, Helaba provided the financing within only five weeks after receiving the mandate. The transaction was realized through Helaba's origination unit Northern and Central Europe.
The Nisa shopping center has been completely refurbished and has already attracted numerous new retailers. International brands consider Nisa as one of the best opportunities to expand into the Czech market. The financing was provided on market terms and conditions and can be seen as proof for an ongoing liquidity in debt financing for commercial real estate despite the turmoil on the financial markets.
Since the start of its activities in North and Central Europe in 2006, Helaba has provided more than €2.6 bln. in funding, specializing particularly in acquisition and structured financings for international investors and investment funds.