MünchenerHyp finances purchase of Lyoner Stern in Frankfurt-Niederrad
Münchener Hypothekenbank eG (MünchenerHyp) is providing € 48 million in financing to Investcorp Bank BSC, a Bahrain asset manager, to purchase the Lyoner Stern office building in Frankfurt-Niederrad.
The buyer was advised by JLL Debt Advisory. MünchenerHyp acted as the sole underwriter for the deal.
The property has 28,000 square metres of usable space, 432 parking spaces and is multi-tenant capable. In addition, the building was completely modernised over the last two years and has received a BREEAM certification. The Lyoner Stern is favourably located and easily accessible within the Niederrad office district (Bürostadt Niederrad). It is also almost fully occupied.
“Once again we were able to accompany an international investor acquiring a property in Germany with our cross-border strategy and a national partner, in a demanding buying structure“, said Jan Polland, Head of Commercial Real Estate Finance at MünchenerHyp.
Christian Winges, Regional Director for MünchenerHyp Commercial Real Estate Finance in Frankfurt adds: “We are very pleased that this financing deal allowed us again to prove that we are a reliable partner for real estate transactions.”
“In Germanys diverse banking landscape we identified MünchnerHyp as strong and client focused transaction partner offering competitive terms helping our client to secure the transaction and realise his business model”, says Anke Herz, Team Leader Debt Advisory Germany.