HSH Nordbank finances Allee Center in Leipzig for EQT Real Estate
Hamburg/Kiel, August 3, 2018 - HSH Nordbank will provide EQT Real Estate with part of the finance to acquire the Allee-Center neighbourhood shopping mall in the Leipzig district of Grünau. The parties agreed not to disclose the size of the transaction. The Allee-Center was built in 1996 and accommodates about 100 retail businesses on a rental space of around 40,000 square metres. There are 944 parking spaces.
EQT is a leading company for alternative investments with nearly € 50 billion in amassed capital and manages a total of 27 active funds. The company, which was established in 1994 and is based in Stockholm, has 540 employees in 14 countries.
“HSH Nordbank's market and structuring expertise, which it demonstrated here in the retail sector, convinced us once again,” said Frank Forster, Director at EQT.
“The shopping center is robustly set up for the future and, with its well-diversified tenants, perfectly tailored to this densely populated catchment area. The term neighbourhood shopping mall is truly fitting here,” said Peter Axmann, Head of Real Estate Clients at HSH Nordbank.
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