Berlin Hyp refinances office building in Frankfurt am Main for Shaftesbury with €65 million

Berlin Hyp is providing a loan of €65 million to a company belonging to Shaftesbury Real Estate Partners 1 A SICAV-SIF over a term of three years. This will refinance the redemption of a debt financing together with property expansions under the project name “Overture”.

The office and commercial building was built in 1954 and is located in the central business district of Frankfurt am Main. It is currently undergoing extensive modernisation and is expected to be awarded an energy sustainability certificate after construction works have been completed. The property has around 7,300 square metres of rental space and Commerzbank AG is the sole tenant.