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



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Westfield Garden State Plaza GLA:2 118 718 SF
ADDRESS: 1 Garden State Plaza, Paramus, NJ 07652
South Coast Plaza GLA:2 800 000 SF
ADDRESS: 3333 Bristol St, Costa Mesa, CA 92626
USA . Los Angeles
South Coast Plaza
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Plaza Singapura GLA:482 311 SF
ADDRESS: Plaza Singapura, 68 Orchard Rd, Singapore 238839
Singapore . Singapore
Plaza Singapura


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