This week Hypo Real Estate International has announced that they have successfully completed two deals; the completion of 60 million financing for an international client of Strategic Real Estate Advisors and the completion of 89 million refinancing of a portfolio of 13 hypermarkets located in the Czech Republic and Slovakia.
Strategic Real Estate Investors deal
Hypo Real Estate Bank International has provided a total of 60 million across three investment facilities to international clients of Strategic Real Estate Investors with the final transaction completing on 21st September 2007. The facilities have been provided to assist the clients in the assembly of their pan-European portfolio with the first acquisitions including assets in Belgium (3 office buildings totalling 14,300 m² in the Brussels conurbation); Luxembourg (1 office and 2 distribution buildings totalling 8,300 m²) and Germany (an office building in Berlin of 15,700 m²). The properties are let in total to 15 tenants on market standard terms.
Commenting, Harin Thaker, CEO Europe Hypo Real Estate Bank International, said: "We are delighted to have completed these structured finance transactions sponsored by Strategic Real Estate, which is a valued client of Hypo Real Estate Bank International, and to have been able to do so by using our expertise in structuring transactions involving differing sectors and jurisdictions within Western Europe."
Commenting, Jeremy Gates, Managing Director, Strategic Real Estate Advisors added: "We look forward to continuing our successful track record with Hypo Real Estate Bank International, and building further our relationship in other markets as they have supported us in the execution of these complex transactions."
Hypermarkets in Czech Republic and Slovakia
Hypo Real Estate Bank International has also provided a 89 million investment facility to a series of SPV Borrowers controlled by Czech Property Investments a.s. ('CPI') to assist in the refinancing of a portfolio of 13 hypermarkets located in the Czech Republic and Slovakia. The transaction closed on 25th September 2007. The portfolio consists of thirteen stand-alone hypermarkets, totalling more than 79,000 m², located in medium sized regional towns within the Czech Republic and Slovakia. The properties are predominantly let to the Ahold
group of companies and Tesco.
Commenting, Harin Thaker, CEO-Europe, Middle East & India, said: "We are delighted to have been able to work with both CPI and dd2 Group to provide a tailored finance solution that met all of the needs of a multi national funding. Once again this demonstrates our ability to deliver international solutions through one point of contact. Our team's skills and commitments continue to deliver swift execution".
Source: Hypo Real Estate International