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



TODAY, Australia:
The latest of Melbourne’s big suburban shopping centers unveiled its major overhaul.
YESTERDAY, United Kingdom:
The store in St David’s shopping centre has a new look and dedicated Sports entrance.
DAY BEFORE YESTERDAY, India:
The retail sector has been boosted by an upward trend in mall space leasing that was up by 55% in 2017.
Oct 17, 2017, Switzerland:
The official opening of the Mall of Switzerland scheduled for November 8, 2017.
Oct 16, 2017, USA:
Simon is launching scalable, turnkey retail platform The Edit at Roosevelt Field Mall on Long Island.
Oct 13, 2017, USA:
Luxury handbag and accessories brand Coach has announced its rebranding as Tapestry.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City


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