Hypo Real Estate Bank International AG, a member of Hypo Real Estate Group, announces that it has funded a US $89 million (c. €56m) investment facility to Raven Russia Ltd. The transaction, which was funded on 29 January 2008, is for the refinancing of Phase 1 of the Krekshino Logistics Park, a 118,000-m² Class A logistics/warehouse facility completed in 2006 and located near Moscow, Russia.
Commenting, Harin Thaker, CEO-Europe, Middle East & India - Hypo Real Estate Bank International, said: "This transaction, funded in the first month of 2008, demonstrates our continuing ability to deliver complex financing solutions to the commercial real estate market."
Commenting, Anton Bilton, Executive Chairman, Raven Mount Plc, the property adviser to Raven Russia Ltd, said: "This completes the refinancing of Raven Russia's income producing assets. We look forward to continuing our fruitful relationship with Hypo Real Estate Bank International in the coming year as we progress with our development programme."
Source: Hypo Real Estate