Issue 2012 December 04th

This issue was created on 2012-12-04 13:28:00

  • Lenders target German portfolio in fourth dealDecember 4, 2012
European investment and asset management company Catalyst Capital has acquired a portfolio comprising 30 retail properties in Germany, with a combined floor space of approximately 125,000 sq m. Valued at more than €150 million, the transaction consists of a combination of share and asset deals across the estate. The main lender and lead arranger was pbb Deutsche Pfandbriefbank, providing €85 million in financing. Meanwhile, the Austrian Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (BAWAG PSK) provided an additional €21.5 million in stretched-senior debt.
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