Bayerische Hausbau Real Estate (BHRE) has concluded long-term financing for three central properties in its Munich portfolio. A banking consortium consisting of UniCredit Bank GmbH (syndicate leader) together with Berlin Hyp and BayernLB (Bayerische Landesbank) is providing 340 million euros for this purpose and is financing Kaufingerstraße 15 and Marienplatz 22 until 2035. For Arabella, the financing runs until 2032 and thus creates a bridge to the planned start of the revitalisation project.
“Long-term financing of this magnitude is anything but a matter of course under the current market conditions. For us, the commitment represents a vote of confidence in the quality of our properties and underlines the partnership with our banks that has existed for many years. At the same time, it creates a strong basis for further cooperation,” says Marcel Wnendt, Managing Director of Bayerische Hausbau Real Estate.
“We are pleased to implement this financing as syndicate leader together with Berlin Hyp and BayernLB. Especially in a challenging market environment, the transaction shows that long-term financing for high-quality real estate with reliable partners is possible. We appreciate the long-standing cooperation with Bayerische Hausbau Real Estate and look forward to continuing it,” says Dr. Christian Federspieler, Head of Real Estate Germany at UniCredit Bank GmbH, which leads the consortium.
The completion of the financing strengthens BHRE’s solid financing basis and creates the basis for the strategic development of the company. This includes the sustainable development of the existing portfolio as well as the expansion of the business with selected third-party mandates.
