Hypo Real Estate completes €172m senior financing for Curzon Global Partners acquisition (DE)

Hypo Real Estate Bank AG (Munich) and Hypo Real Estate Bank International (Stuttgart) are pleased to announce that the Group has provided a 172 million acquisition financing to European Property Investors, L.P., a value-added corporate outsourcing fund managed by Curzon Global Partners. The financing has been provided in connection with the acquisition of a portfolio of properties for a sale and leaseback transaction with Sinn Leffers in Germany. The transaction closed on 23rd December 2005.

The portfolio consists of sixteen city centre retail assets (predominantly in the North Rhine/Westphalia region) together with a headquarters office and distribution centre totalling in all circa 130,000 m. All properties are newly let to the tenant company on long leases.

Commenting, Frank Lamby, Spokesman of the Management Board of Hypo Real Estate Bank AG and Member of the Management Board of Hypo Real Estate Holding AG, said: Following an introduction from our colleagues at Hypo Real Estate Bank International, we were delighted to be able to provide Curzon Global Partners with the structured finance solution they required for this German transaction.

Commenting, Harin Thaker, CEO of Hypo Real Estate Bank Internationals European business platform, said: This transaction demonstrates again our ability to utilise the Groups resources to provide a key international client with an effective locally structured German solution.

Commenting, Ric Lewis, Chief Executive of Curzon Global Partners said: One of the reasons Curzon is respected as a performer on short time tables is because we work with experienced and responsive financing teams like Hypo Real Estate.

Source: Hypo Real Estate

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