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| Hypo Real Estate Bank to provide € 241 million for Herkules portfolio Munich-based Hypo Real Estate Bank, a member of the Hypo Real Estate Group, is to provide € 241 million for financing a senior tranche of the Herkules portfolio within the framework of a syndication. This real estate portfolio was acquired by Oaktree from DEKA Fonds in the summer of 2006. The total financing (incl. junior tranche) amounts to € 900 million, and was arranged in the autumn of 2006 by the syndicate Barclays Capital, Morgan Stanley and Société Générale. The financed real estate portfolio consists of 47 prime properties in prime cities, most of which are located in Hesse and North Rhine-Westphalia. Most of these properties consist of office premises let to well-known tenants in the banking industry. write your comments about the article :: © 2008 Construction News :: home page |