Deutsche Hypo, Berlin Hyp and HSH Nordbank finance portfolio for DIC Asset AG of €960 million – EuropaProperty

As part of a club deal, Deutsche Hypo, Berlin Hyp and HSH Nordbank finance an extensive existing real estate portfolio for DIC Asset AG. The financing volume amounts to €960 million, provided by Deutsche Hypo as arranger and consortium leader with €510 million, Berlin Hyp with €250 million and HSH Nordbank with €200 million. The loan with a total term of up to seven years prematurely replaces the previous financing for the Commercial Portfolio of DIC, which has been made available by several banks. he financed portfolio includes commercial properties throughout Germany, with North Rhine-Westphalia and Hesse forming the regional focus. The predominant share is attributable to office properties. We are pleased to be able to accompany our long-standing customer DIC – together with Berlin Hyp and HSH Nordbank – in this remarkable transaction,” emphasizes Andreas Pohl, Chairman of the Board of Managing Directors of Deutsche Hypo, on behalf of the bank consortium. “This is the largest financing in the history of Deutsche Hypo. It is planned that we will syndicate part of the provided financing volume to other bank partners.” The three consortium banks were advised by Hogan Lovells International LLP in the transaction.