NATIXIS Pfandbriefbank AG arranges a €220 million mortgage loan for the refinancing of 28 retail properties across Germany
NATIXIS Pfandbriefbank AG – part of Groupe BPCE – has arranged a five-year €220 million mortgage loan to a semi-closed-ended fund managed by Rockspring Property Investment Managers LLP.
The loan will be used to refinance a portfolio of 28 retail properties located across Germany, the majority of which are established retail parks anchored by large scale food stores. The €220 million financing includes a €15 million capex facility to complete the ongoing repositioning of some of the properties.
In this transaction, NATIXIS Pfandbriefbank AG was counselled by Freshfields Bruckhaus Deringer LLP.