MunchenerHyp is providing €48m in financing to Investcorp Bank, a Bahrain asset manager, to purchase the Lyoner Stern office building in Frankfurt-Niederrad. The buyer was advised by JLL Debt Advisory. MunchenerHyp acted as the sole underwriter for the deal.
The property has 28,000m² of usable space, 432 parking spaces and is multi-tenant capable. In addition, the building was completely modernised over the last two years and has received a BREEAM certification. The Lyoner Stern is favourably located and easily accessible within the Niederrad office district (Burostadt Niederrad). It is also almost fully occupied.
“Once again we were able to accompany an international investor acquiring property in Germany with our cross-border strategy and a national partner, in a demanding buying structure“, said Jan Polland, Head of Commercial Real Estate Finance at MunchenerHyp.
Christian Winges, Regional Director for MunchenerHyp Commercial Real Estate Finance in Frankfurt commented: “We are very pleased that this financing deal allowed us again to prove that we are a reliable partner for real estate transactions.”
“In Germany's diverse banking landscape we identified MunchnerHyp as strong and client-focused transaction partner offering competitive terms helping our client to secure the transaction and realise his business model”, said Anke Herz, Team Leader Debt Advisory Germany.
