Hypo Real Estate Bank International announces that it has provided Â£120 million (â¬173.3 million) of term financing to assist Dunedin Property in restructuring its ownership of shopping centers at Chatham, Kent and Stretford, Manchester. The transaction closed on March 14th.
Dunedin Property is a private company which currently has a portfolio of Â£600 million inclusive of three large shopping centers, a mixed use portfolio, central London offices and a business park in Scotland.
Chatham and Stretford between them provide c.700,000 square feet of covered shopping, each being the dominant centres within their respective locations.
Commenting, Harin Thaker, recently appointed CEO of the bankâs European business platform, said: âWe have a long standing relationship with Dunedin which we are very pleased to build on with this transaction.â
Source: Hypo Real Estate