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Hypo Real closes transaction with Carlyle

Hypo Real Estate Bank International AG, a member of Hypo Real Estate Group, announces that it has provided an investment and VAT acquisition facility to Carlyle European Real Estate Partners ("CEREP"). The facility has been provided to CEREP to assist in the forward commitment to purchase of Numbers 3 and 4 Piccadilly Manchester, two office buildings currently being constructed by the Argent Group. At completion the buildings will provide circa 320,000 sq ft of high specification offices and ancillary retail with a number of pre-lettings already in place & under negotiation.



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