de en

Aggregate Financial Services advised on the successful EUR 20.9m bridge financing for a project development in Frankfurt/Main.

EUR 20.9 million bridge financing with a 12-months term incl. extension option for the refinancing of the acquisition loan and financing of planning and development costs until start of construction works. Aggregate Financial Services structured the bridge financing for a real estate investor based in Frankfurt/Main and advised throughout the entire financing process.

The Blue Towers, two 55 meters high vacant office towers and a connecting central building in Frankfurt Niederrad, are to be converted into an apartment complex. Including a new building in the rear section of the property, c. 380 residential units with an average size of 43 sqm and a total lettable area of around 16,400 sqm and five commercial units with around 1,400 sqm will be built. The building permit has already been granted and completion of the apartments is expected until the end of 2022.


News announcements