pbb Deutsche Pfandbriefbank has provided a €170m loan to property companies of a joint venture between the RFR Group and DC Values. The facility was provided during the 2016 financial year. The funds were used to finance the acquisition of the office and retail complex at Leipziger Platz 14-16, as announced by the companies on 23 December 2016.
• Acquisition of the “Leipziger Platz 14-16” office and retail complex in Berlin
• First-class office space, in a unique location
The properties acquired by HGHI Holding GmbH comprise a total lettable area of approximately 22,500m² and 113 parking spaces. The building use is divided into offices (around 60% of the total area), retail space (around 30%), as well as apartments and storage space. Anchor tenants include Uniqlo, Vodafone, and Superdry.
Gerhard Meitinger, Head of Real Estate Finance Germany at pbb Deutsche Pfandbriefbank, said: ”The location of the financed properties at Leipziger Platz – in the close vicinity of Potsdamer Platz – is perfect, with excellent connections to Berlin's transport network and infrastructure. pbb and the investors have already cooperated successfully several times in the past – we admire their professionalism and value their long-standing experience in the high-street retail segment.”
