Frankfurt am Main - ING Wholesale Banking has refinanced the "Kaiser Wilhelm Höfe" in Cologne, which is managed by Art-Invest Real Estate, on a long-term basis with EUR 100 million. The office complex located at the Kaiser-Wilhelm-Ring between MediaPark and the Belgian Quarter consists of three existing buildings and the lately completed new building the "Kaiser Hof".
The entire office complex rental area of around 45,000 square meters is rented to well-known companies on a long-term basis. Moreover the Kaiser Hof is a green building with LEED Gold certification.
“We are very pleased about our first direct transaction with Art-Invest Real Estate after having financed buildings developed by Art-Invest Real Estate for numerous clients in the past," said Daniel Younis, Head of Origination, ING Real Estate Finance. "The sustainability focus of Art-Invest Real is exactly in line with our strategy of financing modern, energy-efficient buildings."
The bank was legally advised by the law firm FPS, Art-Invest Real Estate by McDermott Will & Emery.
About ING Wholesale Banking Germany
ING Wholesale Banking Germany comprises the corporate clients business of ING-DiBa AG and is part of the ING Group’s worldwide Wholesale Banking network with offices in more than 40 countries. ING Wholesale Banking offers banking services for large, internationally operating corporate clients. In addition to traditional banking products such as Corporate Lending and Transaction Services, ING is a world leading name in structured & project financing concepts, complemented by capital market solutions.
ING Wholesale Banking Germany has approximately 300 employees based in the headquarters Frankfurt am Main who were in charge of a credit volume of EUR 36 billion by the end of 2018.