Trei Real Estate (Trei) obtained a further loan facility. The €35.5m in loan funds made available by Postbank are split into two tranches: €15.6m have a maturity of five years, while the remaining €19.9m will have to be repaid after ten years. The loan takes the form of a classic real estate financing arrangement, collateralised with 17 retail properties in Germany that are let to a major German food discount chain.
Matthias Schultz, the CFO of Trei Real Estate, elaborated: "I am grateful to Postbank for the trust-based collaboration and for their professional handling of the matter. The loan facility offers us a high degree of flexibility and supports our long-term funding strategy. It enables us to meet short-term liquidity needs and to act quickly within the scope of our residential developments in Germany, Poland and the United States as well as in the context of our retail park developments of the Vendo Park brand in Poland."
Image source - Pexels.
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