IVG Institutional Funds GmbH and ING Real Estate Finance close debt financing (DE/NL)

IVG Institutional Funds GmbH and ING Real Estate Finance ('ING REF') have secured in total over €20 million in funding on behalf of the special real estate fund EPFUND – OIK, managed by IVG Institutional Funds GmbH. The funding was among others used to acquire a 10,600-m² office/school building in The Hague, the Netherlands.

The six-story property also known as the 'Mondriaan' is leased to ROC Mondriaan, a large educational group aimed at vocational training, with a long remaining lease term. The mortgage-backed financing is fully tailored to the criteria of IVG's funds regarding structure, principal, term and (limited) amortizations.

Jan-Evert Post, ING REF Global Management Team member responsible for Germany, adds: "This transaction shows our capability to use ING REF's European network assuring a smooth process with maximum flexibility for this significant debt offering.

"We cover most of the European countries and therefore can serve industry leaders as IVG in their pan-European strategies."

ING REF acted as Sole Arranger and Sole Hedge Provider on these transactions.

Source: ING Real Estate

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