German bank Helaba is refinancing the Stettiner Carr茅 office scheme in Berlin for an American private equity company.
German bank Helaba is refinancing the Stettiner Carr茅 office scheme in Berlin for an American private equity company.
The refinancing facility comes to more than 鈧�132 mln.
The seven-storey office building in Berlin-Mitte was completed in 2004 on the site of the former train station Stettiner Bahnhof. It is fully let on a long-term basis to German railway company Deutsche Bahn.
Stettiner Carr茅 is one of Deutsche Bahn鈥檚 largest locations in Germany. It comprises 61,000 m2 of lettable space and 470 parking spaces on a site of almost 20,000 m2.
The property was part of a portfolio securitized in a CMBS structure. Helaba is acting as arranger, underwriter and hedging provider. The German bank syndicated the loan partially to Natixis Pfandbriefbank shortly after closing the deal.
