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Aggregate Financial Services successfully advised on the succesful EUR 560m construction financing for Quartier Heidestrasse in Berlin.

Aggregate Financial Services successfully advised on the completion of a € 560m transaction, consisting of a senior secured mortgage loan of up to € 450m and a € 110m junior subordinated loan secured by company shares.

A Landesbank provides the full senior loan amount of € 450m with a term of 5 years and shifts the syndication effort to a point in time after funding. The subordinated creditor’s commitment could be obtained by the project participants early in the process and is also the sole provider of the junior loan amount of € 110m. Heidestraße GmbH (Aggregate Group) develops a 550-meter long building complex (DNGB Gold certified) on a 22,900 sqm site in Berlin with a two-storey underground car park.

The 108,700 sqm of rentable office space are distributed over 5 high-rise buildings and 6 further building sections and are part of the mixed-use Heidestraße quarter with up to 268,000 sqm GFA. Quartier Heidestraße is being developed as part of Europacity and comprises offices, retail outlets and around 920 apartments as a mixed-use urban quarter on approximately 85,000 square meters of land - 25 percent of which are subsidized residential buildings in line with the Berlin model of cooperative building land development. Design planning for all sub-areas has been completed following a series of architectural competitions with the participation of the State of Berlin.

For further details visit the website:
Quartier Heidestrasse

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