The portfolio comprises 28 shopping centers, retail parks and hypermarkets across Poland with a net lettable area of just under 708,000 m?. The properties are largely leased to affiliates of Metro AG. The value of the portfolio is around ?1.2 billion.
In this club deal, Aareal Bank as Mandated Lead Arranger, Facility and Security Agent has taken on a loan tranche of ?250 million.
Helaba and Deutsche Pfandbriefbank functioned as Co-Arranger, providing ?100 million each. The three other banks have taken part as lenders in the syndicate with differing loan totals. Apart from the senior tranche of ?650 million, the total refinancing includes a further subordinated loan of ?55 million, which members of the investor consortium are providing.
"We are happy that we have been able to realize this complex transaction with such well-known clients and partners", said Karl Wilson, General Manager Central & Eastern Europe of Aareal Bank AG. "This has been possible thanks mainly to the excellent cooperation of all those involved."
Source: Aareal Bank
Source: http://europe-re.com/system/main.php?pageid=2616&articleid=22045
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