Hypo Real Estate completes €55m financing for Amesbury (CZ/DE)

Hypo Real Estate Bank International AG, a member of Hypo Real Estate Group, announces that it has provided a €55 million refinancing facility to Amesbury. The transaction completed on 29th October 2007.

The facility is to refinance of a portfolio of seven warehouse and office buildings located in two business parks, the Prague West Business Centre Chrastany and the Zlicin Business Centre, both in Prague, Czech Republic. Both business parks are predominately leased to national and international tenants.

Amesbury is a privately owned development group which has been active on the Czech market for more than 10 years. It has specialised in providing small to medium size combined warehouse and office space in edge of town business parks, mainly in Prague.

Commenting, Harin Thaker, CEO Europe – Hypo Real Estate Bank International, said: "We are delighted to sign our first transaction with a developer as experienced as Amesbury. We look forward to working with them to support their expansion in the Czech Republic and beyond."

Source: Hypo Real Estate

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