HSH Nordbank finances real estate portfolio for Deutsche Wohnen AG
Hamburg/Kiel, January 16, 2013 - HSH Nordbank is financing a real estate portfolio covering several German regions for Deutsche Wohnen AG. The size of the finance deal is a good € 161 million.
The portfolio includes around 5,100 residential units on more than 311,000 square metres. Accounting for a good 40 percent of the floor space, the regional focus lies in Braunschweig, while further properties are located in the regions of Berlin, Leipzig/Halle and Dresden. It is intended to hold this solid real estate portfolio over the long term.
Deutsche Wohnen AG is one of the leading listed housing companies in Germany. Its business operations focus on the management and development of its own real estate portfolio, which currently numbers some 73,200 residential units.
"We have been working with Deutsche Wohnen AG on a basis of trust for many years now and have frequently been convinced by the professionalism of the Group as well as its strategy," says Peter Axmann, Global Head of Real Estate at HSH Nordbank. With our expertise and many years of experience in the area of portfolio finance we were able to ideally structure this large-volume transaction."
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