London shopping centre "Westfield" for Commerz Real

Together with Deutsche Hypo, Helaba is financing the London shopping centre “Westfield” for Commerz Real Investmentgesellschaft with a total amount of GBP 250 m (EUR 288 Mio.). The transaction has been arranged by way of club-deal and Helaba is acting as Lead Arranger and Agent.

The capital investment company Commerz Real Investmentgesellschaft mbH (CRI) is participating in the property together with an Australian shopping centre specialist, the Westfield Group. The participation is in favour of the open end real estate fund “hausInvest”, for which “Westfield” represents the biggest single investment.

Opened in October 2008, “Westfield” is among the largest shopping centres in Europe with a sales space of about 167,000 sqm and more than 350 rental units. Helaba had already provided the funding of the project as Lead Arranger und Agent during the construction phase.


Investment:	London shopping centre "Westfield"
Customer:	Commerz Real Investment GmbH in favour of „hausInvest“
Type of finance:	Real estate financing
Volume:	Total: GBP 250 m = EUR 288 Mio.
Term:	5 years
Role of Helaba:	Lead Arranger, Agent
Unit/department:	Real estate financing Open-ended Funds
Closing/funding:	April 2011