HSH Nordbank will provide a five-year €79m loan to the EQT Real Estate I fund for the purchase and refurbishment of two office properties.
First, the “Atricom” in Frankfurt’s Niederrad district was built in 1990 and consists of three parts with around 45,600 m² of rental space. Second, the multi-tenant office property “Le Byro”, located in neighboring Neu-Isenburg, dates back to 2003 and has c. 23,700 m² of rental space. The two building complexes are conveniently situated in terms of transport links and will be extensively revitalised over the coming months.
Peter Axmann, Head of Real Estate at HSH Nordbank, said: “Frankfurt is among the top seven office locations in Germany. The possible impact of Brexit is not least among the factors that will make this metropolitan region appealing to many companies and investors going forward. In EQT Real Estate, we have gained a highly professional new client who has secured two properties of good quality and high potential through this transaction.”