Hypo Real Estate Bank International announces that it has completed the first asset inclusion under the approved €200 million acquisition financing facility for aAIM Europe plc to support their European acquisition programme. The first €19.7 million of the facility has been drawn down to finance the purchase of Galeria Gniezno, a shopping center in Gniezno, Poland. The transaction closed on June 26, 2006.
Galeria Gniezno is a major shopping center with ca. 11,850 m² of retail space, anchored by a 4,450 m² Hypernova hypermarket. Hypernova is a subsidiary of Royal Ahold, one of the world's largest retailers.
Commenting, Harin Thaker, CEO Europe, said: "I am delighted that aAIM chose to work with Hypo Real Estate Bank International on this deal, which represents a great endorsement of our effectiveness in delivering structured finance solutions."
Source: Hypo Real Estate