Esprit Digital
Find in the news:
BY COUNTRY

Mall of Berlin obtains €600m finance deal



Shareholders have been successful in finalizing financing of €600m for the largest shopping mall project in Europe.

Mall of Berlin obtains €600m finance deal-1.jpgTo offer this financing, BNP Paribas REIM Germany, Bayerische Versorgungskammer (BVK) and Deutsche Hypothekenbank joined forces.  The agent and consortium leader for this transaction is Deutsche Hypo.  The financing will be split into BVK offering €450m, Deutsche Hypo €80m and BNP Paribas REIM Germany €70m.  This is one of the biggest real estate financing projects ever realized in Germany which has primarily been offered by non-banks, as well as one of the largest financing by a German institutional investor.

The mall will cover retail space of about 80000m² and offer shoppers in excess of 270 restaurant and retail concerns.  It is due to open to shoppers on 25 September 2014.  Its plans include residential housing of around 30000m² in the Leipziger Plaz Quartier.  The mall can be found between the Potsdam Square, Friedrichstrasse and Reichstag.

The transaction for the finance was negotiated by Primor Capital Partners and the legal issues for the lenders were handled by Noerr LLP, and the borrowers received legal advice from GORG MbB. The €70m share assumed by BNP Paribas REIM Germany has resulted in it gaining success in offering the largest debt acquisition by a German debt fund.  They have stated that this volume of financing is a huge step toward the establishment of debt funds in the country and has placed a stamp on their market leadership in this arena.  According to the fund, the task of non-banks in financing for real estate is set to continue its growth.

Mall of Berlin obtains €600m finance deal-2.jpg



More about shopping malls in Germany



YESTERDAY, Finland:
Mall of Tripla, the shopping centre that will be opened in Central Pasila in autumn 2019.
YESTERDAY, USA:
Brand's first Arizona club to serve as a new community hub for holistic healthy living.
DAY BEFORE YESTERDAY, USA:
Green Growth Brands opened the first of more than 100 shops in American malls selling CBD-infused products.
Feb 13, 2019, United Kingdom:
The fast growing operator of premium outlets reports strong results, boosted by increased footfall and average spend per guest.
Feb 8, 2019, USA:
Bowling, karaoke, ping pong and arcade concept joining AMC Theatres to round out third-floor entertainment zone.
Feb 7, 2019, United Kingdom:
The £72 million construction at intu Lakeside will introduce new restaurants and leisure brands to the southeast of England.
ICSC ECE

Friend
and Follow
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us