pbb Deutsche Pfandbriefbank finances purchase of Bienenkorbhaus (DE)

pbb Deutsche Pfandbriefbank has closed the financing of the purchase by RFR Holding of the Bienenkorbhaus. The investor has bought the property, situated in Frankfurt, from the DIC Asset AG in October 2012. The total loan volume of the transaction comes to over € 50 million and was disbursed on
27 December 2012.

The Bienenkorbhaus has approximately 11,000 m² of commercial rental space. It has an attractive mix of shop (3,500 m²) and office space (7,500 m²) and over 95% of the property is leased at the moment. The main tenants are the shoe company Ludwig Görtz, with a Flagship store, and the Sparkasse Frankfurt.

Gerhard Meitinger; Head of Origination Germany at pbb Deutsche Pfandbriefbank, said: "With this financing, we are supporting one of the most prominent real estate purchases on the market in Frankfurt in 2012."

Source: pbb Deutsche Pfandbriefbank

Related News