Allianz Real Estate has provided a 鈧�400m loan to help finance a shopping centre in Germany owned by Unibail-Rodamco-Westfield (URW) and Canada Pension Plan Investment Board (CPP Investments).
Allianz said it has provided the sustainability-linked debt funding for the refinance of Westfield Centro, a 240,000sqm retail centre in Oberhausen, North Rhine-Westphalia. The funding was complemented with a 鈧�300m facility from co-arranger and agent Helaba.
Allianz said the Westfield Centro financing is one of three retail-sector deals closed in the second quarter of the year alone, with the other two 鈥� one in the Netherlands and one in France 鈥� worth a combined 鈧�430m.
Debora Sobel, the head of European debt origination in Munich at Allianz Real Estate, said the refinancing of Centro allows Allianz to round off a strong first half of 2022 and 鈥渄emonstrates Allianz Real Estate鈥檚 leading position in European real estate debt鈥�.
鈥淥ur strategy is to work with our borrowers to help them optimise their capital structure, create long-term value and realise growth opportunities across all sectors.鈥�
To read the latest edition of the latest 麻豆映画 Real Assets magazine click here.
