HSH Nordbank will provide EQT Real Estate with a loan for the acquisition of the Allee Center shopping centre in Leipzig district of Grunau. The parties agreed not to disclose the amount. Built in 1996, The Allee Center 40,000m² of rental space, accommodating about 100 retail businesses. The property also benefits from the parking facility for 944 vehicles.
“HSH Nordbank's market and structuring expertise, which it demonstrated here in the retail sector, convinced us once again,” said Frank Forster, Director at EQT.
“The shopping centre is robustly set up for the future and, with its well-diversified tenants, perfectly tailored to this densely populated catchment area. The term neighbourhood shopping mall is truly fitting here,” said Peter Axmann, Head of Real Estate Clients at HSH Nordbank.