ING refinances Vattenfall HQ Berlin
In September 2017 Barings Real Estate Advisers refinances €47 million of the Vattenfall headquarters in Berlin-Mitte with ING Wholesale Banking in a bilateral deal structure.
“It is a great opportunity to strengthen the relationship between ING and Barings backed by the financing of a prime asset,” cites Simone Schmidt, Managing Director Real Estate Finance at ING Wholesale Banking Germany. “Once more, this deal demonstrates our successful approach of financing top real estate in Germany’s most important cities.”
The property at the corner of Chaussestraße/Zinnowitzer Straße in Berlin was acquired by Barings in June this year.
The 18,900 sqm office building is completely let to Vattenfall.
Beiten Burkhard advised ING and GSK Stockmann (Partner: Dr. Alma Franke, Associate: Rebecca Comtesse) Barings.