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London, Frankfurt, Berlin: Helaba Landesbank Hessen-Thüringen and Berlin Hyp, together with Oxford Properties Group, have successfully co-arranged a long-term debt financing facility for “Watermark Place” in the City of London, amounting to an initial of GBP 140 million. The landmark office development “Watermark Place” was completed in 2009 and comprises 540,000 sq ft of high quality office space situated on the north bank of the Thames. The building is entirely let to Nomura and represents Nomura’s European headquarters.
The transaction constitutes a remarkable single financing facility in the London market for 2010 and highlights the confidence and long-term commitment of the Arrangers to the UK property market. Helaba and Berlin Hyp see it as evidence for continuing liquidity in property financing, especially from German banks. Both banks acted as Underwriters via their London branches with Helaba as Agent. In addition to that, Helaba and Landesbank Berlin AG also provided a tailor-made hedging structure.
Learn more about Helaba's current real estate deals here » http://realestatedeals.helaba.de
Press Berlin Hyp:
Vanessa Landschoof-Schlichting
Telefon +49 (0)30 25 99-91 22
» vanessa.landschoof-schlichting@berlinhyp.de
