The Munich office of Hypo Real Estate Bank International has refinanced a portfolio consisting of five properties in Poland and Hungary for the Central European real estate fund Zentraleuropa Immobilien Fonds of Invesco Real Estate GmbH. The financing volume is approximately 40 million euros. The financed properties are three office buildings in Warsaw and Cracow and two properties in Budapest.
“This transaction is further testimony of the capacity of Hypo Real Estate Bank International to provide comprehensive financing of cross-border transactions. Central and Eastern Europe is an interesting market for the bank, especially in view of the region’s growing importance to professional real estate investors,” says Christoph Donner, Director of the Munich branch.
Source: Hypo Real Estate