News Column

Germany : NATIXIS PFANDBRIEFBANK grants a 75 million facility to BLACKSTONE

June 24, 2014

Natixis Pfandbriefbank AG declared that it has arranged a 75 million senior debt facility for funds managed by Blackstone.

The loan amount will be used to fund the acquisition of a mix-used asset situated in the HafenCity district of Hamburg.

Natixis Pfandbriefbank AG served as Mandated Lead Arranger, Lender, Facility and Security Agent in the transaction, which obtained financial close on 3 June 2014.

In 2011, entitled the Sumatrakontor, the property was constructed in Überseequartier, the commercial zone of HafenCity. It delivers 30,500 m² of lettable area spanning the sixth to ninth floors for residential, retail and office purposes.

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Source: TendersInfo (India)

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