Munchener Hypothekenbank eG (MunchenerHyp) is providing a long-term loan of €143.4m to finance the acquisition of the new Zalando Campus in Berlin Friedrichshain. The bank is acting as a sole underwriter, lender and agent for a Luxembourg-based specialised investment fund. Acting as investment and asset manager for the buyer is Hines. Completed in October 2018, the 42,000m² is fully let to Zalando SE on a long-term basis to serve as its new head office.
“We are delighted to have the opportunity to support these leading real estate companies in one of the most sizeable property deals in Berlin this year. The transaction once again confirms our underwriting and syndication capabilities,” said Bernhard Heinlein, member of the MunchenerHyp Board of Management.
Thomas Volker, Head of Commercial Real Estate Finance – International Direct Clients, added: “MunchenerHyp’s high degree of reliability, the speed with which the loan was processed, and the financing structure were all decisive factors for this financing transaction.”
Dr Kai-Magnus Schulte, Director at Hines Immobilien, said: “We are delighted to have found a dependable financing partner in MunchenerHyp. This is our first joint financing project, and we look forward to our future collaboration in both this and further transactions.”