NIBCapital and ING Real Estate provide bridge facility of the Vendex KBB portfolio (NL)

Mandated Lead Arrangers NIB Capital Bank N.V. and ING Real Estate Finance N.V. have arranged a bridge facility exceeding €1.0 billion backing the acquisition of the real estate portfolio of Vendex KBB by a Dutch consortium consisting of, amongst others, Bouwfonds, IEF Capital and PGGM.

The real estate portfolio comprises 70 prime retail properties operated by HEMA, V&D and the Bijenkorf, and 3 parking accommodations. The portfolio is located mainly at A1 locations throughout the Netherlands.

Source: ING Real Estate

Related News