HSH Nordbank will provide the Orion European Real Estate Fund IV, which is sponsored by Orion Capital Managers, nearly €27m to finance a share of a project development comprising two residential buildings and an office building in Wiesbaden, Germany. Three buildings with total rental space of more than 9,000m², of which nearly 5,800m² for office usage and over 3,200m² for residential units, are being constructed in a central location near Wiesbaden’s main train station. Completion is scheduled for the end of next year.
"With this project, HSH Nordbank has once again proven the expertise it contributes to complicated project development business, all the more so given HSH reacted quickly,” said Van J. Stults, founding partner of Orion.
“We have had a very pleasant business relationship with Orion Capital Managers ever since 2015 when we financed the ‘Lilien Carré’ shopping centre in Wiesbaden,” said Peter Axmann, Head of Real Estate Clients at HSH Nordbank. “We are pleased to be broadening our collaboration with Orion with this project in the immediate vicinity of the shopping centre.”
