Greenman OPEN (GMO), Germany’s largest food-retail focused investment fund, has signed a new seven-year debt facility for €17m to refinance the Berlin Hansa-Centre, marking the fund’s first financing deal with MunchenerHyp. The Hansa-Centre is located in the Berlin district of Hohenschönhausen and is a large hybrid centre anchored by EDEKA, Germany’s largest food retailer. The centre was acquired directly from EDEKA in 2016.
Neil Hennessy, Head of Debt Capital Markets for Greenman, commented: “We are delighted to have signed our first deal with MunchenerHyp, one of the most important and active players in the German real estate financing market, and secure a new long-term loan for a property that continues to be an excellent centre for our investors and the local community.”
Nicole Jurgensen, Head of Commercial Real Estate Clients International at MunchenerHyp, said: “We are pleased to enter into a new partnership with Greenman with this transaction. The financing is part of our strategy to broaden the bank’s client base and provide our new clients with tailor-made financing solutions in our target markets."
